From Yahoo Finance: 2025-03-27 13:31:00

GameStop plans to raise $1.3 billion to buy Bitcoin while closing retail stores, resulting in a 14% stock increase. The company’s long-term struggles include a 28% sales drop in 2024. GameStop follows Strategy in investing in crypto, but analyst Michael Patcher warns GameStop’s stock may be less lucrative.

Strategy’s stock soared 3,000% after investing in Bitcoin, attracting investors seeking exposure to cryptocurrency. However, GameStop’s stock may be pricier and offer less Bitcoin exposure than Strategy. Corporate interest in cryptocurrency is growing, with companies like Strategy and now GameStop exploring Bitcoin investments.



Read more at Yahoo Finance: GameStop stock slides 23% after announcing strategy shift and plans to buy $1.3 billion worth of Bitcoin