GameStop stunned investors Tuesday by announcing plans to add bitcoin to its balance sheet. The video game retailer revealed its board unanimously approved the shift, signalling a dramatic pivot under CEO Ryan Cohen. Shares surged 6% post-announcement, while bitcoin edged up 0.2% to $88,500. The decision follows weeks of speculation after Cohen hinted at crypto ambitions, including a cryptic social…
In a bold financial move, tech giant Strategy (MSTR) has ignited speculation with a massive $711 million capital raise. While details remain under wraps, insiders hint the move ties directly to its aggressive cryptocurrency strategy. The announcement comes as Bitcoin hovers near $84,000, with their massive Bitcoin holdings set to reach 500K. Why Strategy Doubled Down on Bitcoin The company’s…
As Bitcoin wobbles around $80,000, Michael Saylor’s corporate giant makes waves with a cryptic crypto plan. The firm’s latest action hints at shifting tactics, leaving analysts speculating about its next play. Strategy Adds Modest 130 BTC to Holdings Strategy, led by Bitcoin preacher Michael Saylor, quietly acquired 130 BTC for $10.7 million last week. The purchase, averaging $82,981 per Bitcoin,…
Michael Saylor’s Strategy (NASDAQ: MSTR) reignited its Bitcoin acquisition strategy Monday, launching a $21 billion at-the-market (ATM) preferred stock offering. The Series A shares (STRK) will fund additional Bitcoin purchases, potentially pushing its holdings beyond 500,000 BTC. The announcement follows a two-week pause in buying, signaling renewed confidence despite market turbulence. The move positions Strategy to further dominate as Bitcoin’s…