“GameStop shares soar 12% after retailer says it will invest corporate cash in bitcoin…” Shares drop 12% Two Days Later Thus Breaking Even
March 27, 2025
“…The meme stock jumped 11.7% Wednesday following the news. The announcement confirmed CNBC’s reporting in February of GameStop’s intention to add bitcoin and other cryptocurrencies to its balance sheet…
https://www.cnbc.com/2025/03/25/gamestop-says-it-will-add-bitcoin-as-a-treasury-reserve-asset.html
“GameStop shares drop 12%, reversing Wednesday’s rally, on planned debt issue to buy bitcoin
The meme stock tumbled more than 12% Thursday, following an almost 12% rally the previous session. The reversal came after the video game chain announced plans to raise $1.3 billion through the sale of convertible senior notes due in 2030 to buy bitcoin…”
https://www.cnbc.com/2025/03/27/gamestop-shares-drop-on-planned-debt-issue-to-buy-bitcoin.html