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19.06.2025 10:21:00
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Can a Massive Bitcoin Investment Save GameStop?
Perennial meme stock GameStop (NYSE: GME) has taken its shareholders on another roller-coaster ride of volatility so far in 2025. In May, its stock price soared to $35.81, near a 52-week high, but it has since plummeted to under $23 per share. It's currently down 30% year to date.The niche retailer continues to grapple with a changing operating environment as the video game industry increasingly shifts toward digital content that can be directly downloaded to players' machines. In its efforts to stay relevant, GameStop has expanded its merchandise offerings into collectibles and gaming-related apparel. But perhaps its biggest pivot has been its new Bitcoin treasury strategy: GameStop plans to accumulate large amounts of the cryptocurrency on its balance sheet.Could this crypto gamble revive GameStop's fortunes? Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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0.03
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