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Legendary investor Bill Gross said GameStop (GME) is shedding its meme stock roots and now "mimics Bitcoin."The "Bond King" recently told Business Insider that GameStop is “much less volatile” and no longer behaves like a meme stock, though he still considers it "a good candidate for option selling.…
By James RogersThe latest meme-stock frenzy shows that 'market psychology and crowd behavior can sometimes matter more than the numbers,' says one analystKrispy Kreme Inc. has joined Opendoor Technologies Inc. and Kohl's Corp. in the latest meme-stock wave as shares of the doughnut maker skyrocket a…
GameStop announced Wednesday it will offer $1.75 billion of 0.0% convertible senior notes, seemingly in a bid to raise money for potential bitcoin purchases. The company also intends to grant the initial purchasers of the notes an option to purchase up to an additional $250 million aggregate princip…
Shares in the Indonesian fintech firm DigiAsia Corp nearly doubled after the company said it plans to raise $100 million to seed its first of many Bitcoin buys. The Jakarta-based Nasdaq-listed company said on May 19 that its board of directors approved creating a Bitcoin “treasury reserve” and it w…
Fresh off its most recent Bitcoin purchase, Japanese investment firm Metaplanet is raising more funds through another bond issue to expand its growing crypto treasury.Through a $21.25 million issue of “0% Ordinary Bonds,” all the “funds raised will be allocated to the purchase of Bitcoin,” the firm …
The New York Stock Exchange (NYSE) has imposed a Short Sale Restriction (SSR) on GameStop after volume spiked to levels reminiscent of GameStop’s famous 2021 short squeeze.GameStop (GME) short sales volume — the total number of shares sold short within a specific timeframe — rose 234% over 24 hours,…
GameStop, the video game retail company, experienced a significant downturn in its stock (GME) price, sliding more than 8% in after-hours trading on Wednesday, following the announcement that the company plans to raise $1.3 billion to invest in Bitcoin (BTC) through the issuance of convertible senio…
Top Stories of The WeekSEC dismisses lawsuit against crypto exchange CoinbaseThe US Securities and Exchange Commission has dismissed its lawsuit with crypto exchange Coinbase on Feb. 27, filings show, ending the case permanently. The SEC agreed to voluntarily dismiss all litigation tied to Coinbase …
GameStop Corp. (GME) has acknowledged a letter from Strive Asset Management urging the gaming retailer to buy Bitcoin, which a crypto exchange executive says could blow the minds of traditional finance investors.GameStop CEO Ryan Cohen confirmed in a Feb. 26 X post that he had received a Feb. 24 let…
By James RogersRetailer's shares jump in premarket trading after report of possible bitcoin investmentShares of GameStop Corp. gained more than 7% in premarket trading following a report that the company is weighing a bitcoin investment.Citing sources familiar with the matter, CNBC reported that the…
A crypto cult hoping to flip the entire U.S. stock market just moved closer to its bizarre goal, although with trillions of dollars more to go.SPX6900 (SPX) crossed a $1.1 billion capitalization earlier Friday to set a new record above $1.25, breaking a November high of 90 cents, amid renewed intere…