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Shares of GameStop, the video game retailer that recently pivoted to Bitcoin investment, plummeted on Thursday after the ...
GameStop hopes its new Bitcoin purchase will bring it success like that of Strategy, which is up over 150% over the past year.
Shares of the video game retailer GameStop ( GME -23.62%) had tanked roughly 19%, as of 10:18 a.m. ET today. The company announced plans to issue $1.75 billion in convertible notes for "general ...
The company on Friday filed for a mixed-shelf offering, under which a firm can raise capital by selling different types of securities in one or more separate offerings. GameStop also forecast ...
In March, GameStop announced it would raise $1.3 billion in capital through convertible senior notes in order to purchase Bitcoin. The company made its first $500 million-plus purchase of Bitcoin ...
Based on CoinGecko data from June 12, Bitcoin is trading at $107,647, valuing GameStop’s crypto purchase at approximately ...
Since the original meme stock mania of 2021, GameStop has capitalized on every opportunity when its stock price rises to issue additional shares and raise capital. These stock issues have ...