In a clear signal to Wall Street and the crypto community, GameStop CEO Ryan Cohen has framed the company’s recent high-profile Bitcoin purchase as a calculated financial hedge rather than a fundamental shift in its corporate identity. Speaking on CNBC’s “Squawk Box” on July 15, Cohen addressed the firm’s (
GameStop, the iconic gaming retailer, has made headlines again with a fresh $450 million capital raise, signaling a continued push into the world of digital assets. The funds, secured through a private convertible note offering, are earmarked for general corporate purposes—including, potentially, a significant expansion of the company’s Bitcoin holdings.
GameStop’s stock took a sharp hit, plunging over 20% in after-hours trading following the announcement of a $1.75 billion convertible note offering aimed at bolstering its financial position. The move, unveiled on June 11, 2025, targets institutional investors and includes an option to raise an additional $250 million shortly after
In a significant strategic shift, GameStop Corp. (NYSE: GME) has announced the purchase of 4,710 Bitcoin, worth approximately $505 million. This move represents a major pivot for the struggling video game retailer as it seeks new avenues for financial stability and growth in an increasingly digital marketplace. The Bitcoin Investment
In a clear signal to Wall Street and the crypto community, GameStop CEO Ryan Cohen has framed the company’s recent high-profile Bitcoin purchase as a calculated financial hedge rather than a fundamental shift in its corporate identity. Speaking on CNBC’s “Squawk Box” on July 15, Cohen addressed the firm’s (
GameStop, the iconic gaming retailer, has made headlines again with a fresh $450 million capital raise, signaling a continued push into the world of digital assets. The funds, secured through a private convertible note offering, are earmarked for general corporate purposes—including, potentially, a significant expansion of the company’s Bitcoin holdings.
GameStop’s stock took a sharp hit, plunging over 20% in after-hours trading following the announcement of a $1.75 billion convertible note offering aimed at bolstering its financial position. The move, unveiled on June 11, 2025, targets institutional investors and includes an option to raise an additional $250 million shortly after
In a significant strategic shift, GameStop Corp. (NYSE: GME) has announced the purchase of 4,710 Bitcoin, worth approximately $505 million. This move represents a major pivot for the struggling video game retailer as it seeks new avenues for financial stability and growth in an increasingly digital marketplace. The Bitcoin Investment
