#GameStopBitcoinReserve
What’s the story of GameStop?
GameStop is an American company specializing in selling video games and consoles, with thousands of branches around the world. It used to be a big name in the market, but with the evolution of digital games and the decline in demand for physical copies, it started losing a lot of money and was on the verge of bankruptcy.
But in 2021, something crazy happened… A group of small investors on Reddit decided to drive up its stock price in defiance of the large investment firms that were betting on its collapse. The result? The stock soared multiple times in just a few days! This was one of the biggest events in the stock market at the time and was dubbed the "meme stock frenzy."
Since then, the company has been trying to change its strategy, experimenting with entering the NFT world, and today it decided to keep part of its money in Bitcoin instead of dollars. They are trying to keep up with the times after being in a coma for years!
Now that you know the story, do you think GameStop will succeed in this transformation or is it a desperate attempt?
