It is hard to see how the investment in bitcoin will drive GameStop's shares materially higher, Wedbush's Pachter said. While exchange operator Strategy trades at around twice the value of its ...

“Investors are not necessarily optimistic on the underlying business,” said Bret Kenwell, US investment analyst at eToro. “There are question marks with GameStop’s model. If bitcoin is ...

GameStop has updated its investment policy to include Bitcoin as a treasury reserve asset, but has yet to disclose the amount of Bitcoin it plans to acquire. GameStop Corp. (NYSE: GME) announced that ...

GameStop’s Bitcoin move left many scratching their heads. But behind the confusion is a clear, calculated strategy that more CFOs should be watching closely. JUST IN: @GameStop updates its investment ...

Bitcoin has reached new ... to act as some kind of cryptocurrency investment vehicle." Nevertheless, the crypto announcement helped juice the stock: GameStop shares soared 16% in premarket trading ...

Shares of GameStop Corp. rose more than 8% in extended trading Tuesday after the videogame retailer and original meme-stock company announced its eagerly anticipated foray into bitcoin.

GameStop has approved a new digital asset investment plan letting the business put corporate money into U.S. dollar-denominated stablecoins and bitcoin.The board of directors unanimously endorsed ...

The company expects to use the net proceeds from the offering for general corporate purposes, including buying bitcoin, it said. GameStop said Tuesday its board has approved investments in bitcoin ...