The company said Tuesday its board voted unanimously to raise $1.3 billion to purchase Bitcoin, while simultaneously closing a “significant number” of retail stores. Although the news was greeted with ...

GameStop is doubling down on a risky turnaround strategy that includes closing hundreds of retail locations while investing ...

Analysts told Cointelegraph the dip reflected concerns over GameStop’s core business model rather than its crypto ambitions. GameStop Follows Strategy’s Bitcoin Blueprint This move puts GameStop in ...

GameStop announced Tuesday the successful completion of a $1.5 billion private offering of convertible senior notes.

Analysts at the time suggested the chilly reception reflected shareholders' fear of GameStop's deeper problems with its business model. GameStop is a relative latecomer among public companies creating ...

"Investors are not necessarily optimistic on the underlying business," said Bret Kenwell, U.S. investment analyst at eToro.

GameStop isn’t the only company to change its business model to focus more on crypto investing. Software company Strategy adopted Bitcoin as a reserve asset in 2020, and has seen its stock price ...

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The company did not immediately respond to a request for comment from Fortune. GameStop isn’t the only company to change its business model to focus more on crypto investing. Software company Strategy ...