Tag: corporate finance

GameStop Bets on Bitcoin A Bold Move or Risky Gamble?

GameStop Bets on Bitcoin A Bold Move or Risky Gamble?

We know that corporate innovations finance can feel risk-adverse and by-the-numbers. Yet occasionally a company has the audacity to kick the convention to the curb. GameStop, a name synonymous with video games and a symbol of the retail investor revolution, is now making waves with its foray into Bitcoin. But...

GameStop Jumps Into Bitcoin Following Strong Fourth Quarter

GameStop Jumps Into Bitcoin Following Strong Fourth Quarter

GameStop announced its board of directors has unanimously approved a plan to purchase bitcoin using the company's corporate cash reserves. This move, similar to MicroStrategy's well-known bitcoin investment strategy, comes as investors celebrate GameStop's positive fourth-quarter results. The announcement triggered a rapid spike in the company’s stock. It surged over...