🚀GameStop's #Bitcoin investment plan is titled "Project Rocket"
GameStop Rocket Plan——
What you need to understand is: GameStop is not an ordinary company, it is the origin of meme stocks and the totem of retail investor sentiment.
Once it starts buying Bitcoin, the significance goes beyond just "how much they bought," but rather the drive of sentiment and the imagination of future value!
GameStop has named its Bitcoin investment plan "Project Rocket," a name I really like, and I believe it has two layers of meaning:
1) "Rocket" is a commonly used term among retail investors, meaning that an asset is about to "go to the moon";
2) At the same time, it resonates with GameStop's "comeback spirit" in the 2021 retail battle against Wall Street short-sellers, in one phrase: just do it!
This is not GameStop's first time playing the "sentiment narrative".
In the 2021 retail battle against short-sellers, GameStop became the totem of "resisting Wall Street." Now, with "Project Rocket" + "Bitcoin," it once again precisely captures the emotional code of retail investors, and I feel something big is brewing!
Similar to MicroStrategy's "treasury strategy," GameStop's intention is clear:
👉 Convert a portion of company asset reserves into BTC
👉 Use the Bitcoin narrative to achieve corporate transformation
👉 Align with the crypto community, creating a new era of GME
GameStop may have already begun or is about to start allocating part of its funds to Bitcoin! It is reported that after GameStop (GME) announced the completion of a $1.3 billion five-year convertible bond issuance, it may soon begin or has already started purchasing Bitcoin $BTC.
According to documents disclosed after the U.S. stock market closed on Monday, the underwriters have fully exercised the $200 million over-allotment option, bringing the total issuance amount to $1.5 billion.
After deducting fees, the company's net fundraising amount is $1.48 billion.
GameStop is heading in a brand new direction,
Project Rocket is just the beginning!
#Bitcoin #GameStop #BTC #GME
