GameStop, Bitcoin and Stock Price
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GameStop Corp. (NYSE: GME) has seen a notable rise in its stock price driven by the company's unexpected entry into the cryptocurrency space.
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GameStop's shares jumped nearly 3% after the company revealed a massive $512.6 million investment in Bitcoin, marking a significant shift towards cryptocurrency under CEO Ryan Cohen.
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Zacks Investment Research on MSNGameStop vs. Boyd Gaming: Which Stock Has an Edge at the Moment?GameStop Corp. GME and Boyd Gaming Corporation BYD operate in vastly different arenas under the broad umbrella of consumer discretionary. GameStop, a specialty retailer of video games and electronics and once synonymous with brick-and-mortar game sales,
GameStop (GME) shares dropped nearly another 6% on Thursday as investors continued to sell the news of the company's disclosure of its initial bitcoin acquisitons. The company on Wednesday morning said it had acquired 4,
GameStop (NYSE: GME) stock is up 2.2% in premarket as of time of publication, riding the momentum seeing GME shares climb 25.57% in a week. Notably, GameStop has taken another bold step into the cryptocurrency space, announcing the acquisition of no less than 4710 Bitcoin ( BTC) for $513 million.