GameStop Puts $1.3 Billion Bet On Bitcoin As It Closes Even More Stores

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GameStop Puts $1.3 Billion Bet On Bitcoin As It Closes Even More Stores


GameStop might be dying , but thanks to its unprecedented good fortunes as a meme stock, it still has a whopping $4 billion in cash reserves. The video game retail chain announced this week it now has a plan for what to do with it: plough it into Bitcoin.

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Categories: gamestop, bitcoin, business finance, economic history, reddit, coinbase, gamestop short squeeze, funko, robinhood, economics of bitcoin, funko, meme stock, cryptocurrencies, michael pachter
Source: https://kotaku.com/gamestop-gme-bitcoin-meme-stock-close-stores-1851772455 Mar 27, 2025, 03:31 PM