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The stablecoin GENIUS Act passed the House with bipartisan support. A crypto market structure bill also passed, and heads to ...
Fetch.ai is showing signs of bullish momentum after holding crucial support levels, with targets set at $1.03 and potentially ...
What is the biggest crypto news today? Max Keiser warns that centralized Bitcoin holdings may be targeted in a state-led crackdown.
GameStop boss Ryan Cohen said Tuesday on CNBC’s Squawk Box that the company’s recent crypto play is strictly about protecting itself from inflation, not trying to copy other firms. “I look at it as a ...
Companies are increasingly investing in cryptocurrencies to enhance market valuations, raising concerns about the sustainability of this strategy and its long-term effects on corporate value.
GameStop plans to accumulate Bitcoin as part of a new financial strategy. The company has managed to turn its core retail business profitable. Stabilizing sales and a climbing Bitcoin price could ...
GameStop hopes its new Bitcoin purchase will bring it success like that of Strategy, which is up over 150% over the past year.
If Bitcoin continues to appreciate in value, GameStop's move could look like a stroke of genius in a few years. But if it falls, it could end up being a poor capital allocation decision.
Still, the structure of GameStop's latest fundraising mirrors that of Strategy's well-known approach: raising capital through convertible debt to buy Bitcoin.
GameStop said it plans to raise more debt — a move that could indicate another bitcoin purchase is looming for the videogame retailer and original meme stock.
GameStop (GME) announced this week that it purchased 4,710 Bitcoin, now worth $492 million. With the recent rise in GME stock, allowing the conversion of its convertibles into equity, GME stock ...
GameStop’s purchase of 4,710 bitcoin marks its first cryptocurrency purchase since the videogame retailer announced earlier this year that it would make bitcoin a treasury-reserve asset.