Why is GME stock down today? GameStop is betting $500 million on bitcoin, but investors aren’t buying it

fastcompany.com/91341727/gamestop-gme-stock-price-drop-today-500-million-bitcoin-purchase

GameStop is taking its promised bitcoin investment seriously—$500-million-worth-of-bitcoin serious, in fact. The video game retailer (which has also become a meme stock) announced the purchase of 4,710 bitcoin, the oldest and largest cryptocurrency, on Wednesday.
The company first…

This story appeared on fastcompany.com, 2025-05-28 17:30:00.
The Entire Business World on a Single Page. Free to Use →