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GameStop To Invest Corporate Cash In Bitcoin, Following In Footsteps of MicroStrategy
GameStop announced it will invest part of its corporate cash in bitcoin and stablecoins, following MicroStrategy's lead. The meme stock jumped more than 6% in extended trading Tuesday following the news. CNBC reports: The video game retailer said a portion of its cash or future debt and equity issu...
GameStop announced it will invest part of its corporate cash in bitcoin and stablecoins, following MicroStrategy's lead. CNBC reports: The video game retailer said a portion of its cash or future debt and equity issuances may be invested in bitcoin and U.S. dollar-denominated stablecoins. Our Bitcoin strategy has not been tested and may prove unsuccessful," GameStop said in a U.S. Securities and Exchange Commission filing.
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