GameStop Stock Declines Following $500 Million Bitcoin Purchase

Reported 1 day ago

GameStop's stock fell over 3% after the company announced its purchase of 4,710 bitcoins valued at more than $500 million. The decision, made under the leadership of Ryan Cohen, comes as many public companies increasingly invest in cryptocurrency. This move follows a period of significant volatility in the stock and highlights a growing trend of corporate bitcoin adoption.

Source: YAHOO

View details

You may also interested in these wikis

Back to all Wikis