Tag: gamestop

GameStop's Bitcoin Bet A New Level Up?

GameStop's Bitcoin Bet A New Level Up?

GameStop, a name synonymous with video games, nostalgia, and more recently, the meme stock frenzy, has made a surprising move that could redefine its brand: investing in Bitcoin. As a financial and tech journalist, I’ve followed GameStop’s trajectory pretty closely, but that was nothing compared to the last two weeks....

GameStop's Crypto Gamble High Risk or Genius Play?

GameStop's Crypto Gamble High Risk or Genius Play?

GameStop’s back, and so is the drama! This time, the company isn’t in the news for its meme stocks—it’s reshaping its crown jewel into a new future beyond traditional video game retail. The company’s recent decision to invest some of its ample cash reserves into Bitcoin has fanned those flames....

Crypto Bets MicroStrategy and GameStop's Risky Game

Crypto Bets MicroStrategy and GameStop's Risky Game

OverTraders.com is here to analyze the intriguing moves of two companies venturing into the world of cryptocurrency investments: MicroStrategy and GameStop. Although each agency has made headlines with their respective forays into the world of digital assets, their strategies, motivations and outcomes will significantly differ from each other’s. Here is...

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...