GameStop Joins Bitcoin Treasury Game
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CoinDesk |
Shares of GameStop (GME) traded 16% higher on Wednesday after the company announced that it would start buying bitcoin (BTC) to add to its balance sheet.
U.S. News & World Report |
GameStop shares sunk Thursday after its plan to sell debt in an effort to fund purchases of bitcoin raised some questions on Wall Street.
CoinDesk |
Should the sale be successful and hit its targets, GME would be the fourth largest corporate holder of BTC, behind miner behind Riot Platforms (RIOT) and ahead of Tesla (TSLA).
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Bitcoin is frequently viewed as “digital gold” and a hedge against risks facing the traditional financial sector.
Dominari Holdings, a wealth management firm, announced during an earnings report on Friday that it would use a portion of its excess cash to buy shares of the iShares Bitcoin Trust.
Still, its stock soared this week as it announced plans to buy Bitcoin. Read on to find out ... In 2025, it plans to sell its operations in France and Canada. GameStop sells video games ...
Bitcoin (BTC) is trading above $87,000 and the S&P 500 reclaimed its 200-day moving average for the first time since March 10. However, volatility is expected to rise ahead of Friday’s quarterly options expiry,