Reported 27 days ago
GameStop stock surged over 6% in after-hours trading following the company's announcement that it would utilize its cash reserves to purchase bitcoin. The move marks a significant update to its investment policy, as GameStop explores cryptocurrency investments amid reports of its interest in the market. Analysts express caution, noting potential challenges in equating its strategy to that of companies like MicroStrategy, which has seen success with similar investments.
Source: YAHOO