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Entertainment => Gaming => News from Kotaku => Topic started by: Dr0id on Apr 01, 2025, 01:13 AM
GameStop Puts $1.3 Billion Bet On Bitcoin As It Closes Even More Stores
(https://i.kinja-img.com/image/upload/c_fit,q_80,w_636/006a56938f372e65a7c4e49a33fe4118.jpg)
GameStop might be dying (https://kotaku.com/gamestop-xbox-360-digital-marketplace-physical-discs-1851609043?_gl=1*swtunh*_ga*MTc0MjY2NTg1OS4xNzQwMzc1OTc4*_ga_V4QNJTT5L0*MTc0Mjk5ODYzMS4zNi4xLjE3NDI5OTg2ODEuMTAuMC4w) , 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.
Read more... (https://kotaku.com/gamestop-gme-bitcoin-meme-stock-close-stores-1851772455)
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