Well, friends, hold on tight! Our favorite meme giant GameStop is back in the saddle, and this time they decided not just to sell game discs, but also to stock up on Bitcoins. Yes, you heard it right! Let's figure out what's happening in this financial circus.
GameStop: from memes to crypto
So, on March 25, 2025, the GameStop board of directors unanimously decided to add Bitcoin to its treasury reserves. This means that the company is now investing a portion of its cash reserves into cryptocurrency, without setting an upper limit on accumulating Bitcoins.
Financial twists: stocks and crypto
Following this announcement, GameStop shares jumped by 8.27% in after-hours trading, reaching a price of $25.40. It seems that investors are ready to play this volatile game again.
But not everything is rosy. The company plans to raise $1.3 billion through the issuance of convertible bonds to finance the purchase of Bitcoins. And while this may seem like a bold move, the company's stock fell nearly 8% in after-hours trading following this announcement.
Is it worth playing this game?
GameStop joins the club of companies that have decided to invest in Bitcoin, such as Tesla and MicroStrategy. But the question remains: is this really a strategic move, or just another attempt to draw attention from investors?
On one hand, investing in Bitcoin can diversify the company’s assets and potentially yield profits. On the other hand, cryptocurrency is known for its volatility, and such investments can be risky.
Conclusion: the game continues
GameStop once again proves that it knows how to keep us on edge. Whether their Bitcoin maneuver will be successful, only time will tell. But one thing is certain: this financial series continues to surprise us with new plot twists. So grab your popcorn and stay tuned for updates!