Gamestop gives $ 3 billion in the market, where shareholders ask the Bitcoin plan
Gamestop threw approximately $ 3 billion in the market value on March 27, as investors from the second managed to plans for a video game retail to store bitcoin (BTC), According to data from Google Finance.
On March 26, Gamestop plans To use revenues from a $ 1.3 billion -transfer debt offer to buy Bitcoin – an increasingly common strategy for public companies looking to increase performance.
The Gamestop Declaration came a day after its proposal Building stocks of cryptocurrenciesIncluding Bitcoin and Stablecoins US dollar.
Initial investors celebrated the news, as they sent the shares by 12 % on March 26. The feelings of the shareholders were reflected on March 27, prompting the shares of Gamestop, GME, by a decrease of 24 %, According to To Google Finance.
Gamestop stock gains on March 27. Source: Google Financing
Related to: Gamestop Buying Bitcoin “Bakes of pasta” from Trafi: Swan Exec
Cold reception
Analysts say cold reception reflects the fears that Gamestop may seek to divert the attention of investors from deeper problems in its business model.
“Investors are not necessarily optimistic about the basic business,” Brett Kinwell, the American investment analyst in ITORO, He said Reuters on March 27.
“There are question marks with the Gamestop model. If Bitcoin will be the axis, then where does everything leave?”
The sales process also highlights the expectations of the most quieter investor on Bitcoin because the total economic instability, including ongoing commercial wars, weighs the immediate price of the encrypted currency.
Bitcoin has decreased about 7 % on an annual basis, hovering about $ 87,000 as of March 27, according to Google Finance.
Bitcoin’s “PRICE BRIEFLY JOMDED to $ 89,000 but has now reversed Its trend,” Agne Linge, Decentralized Finance (Defi) Protocol Wefi’s Head of Growth, Told Cointelegraph.
Linge added that the commercial wars caused by US President Donald Trump’s tariff are still a concern for merchants.
Public companies are among the largest bitcoin holders. source: Bitcointreasuries.net
Bitcoin Treasury bonds
Gamestop is a relative lacomer among public companies that create bitcoin bonds.
In 2024, Bitcoin’s high prices sent strategy shares of more than 350 %, according to Financecarts.
Founded by Michael Saylor, the strategy has spent more than $ 30 billion in BTC’s purchase since the pioneering bitcoin accumulated in 2020, according to data from Bitcointreasuries.net.net.
The success of the strategy prompted dozens of other companies to build their bitcoin bonds. Public companies combined have approximately $ 58 billion from Bitcoin as of March 27, Data He appears.
magazine: SEC’s U-Orn on Crypto Main Questions Waves without answering
publish_date
