GameStop has signaled a dramatic strategic shift, transferring its entire Bitcoin treasury to crypto exchange Coinbase Prime as CEO Ryan Cohen declares that pursuing “transformative” acquisitions is now “way more compelling than Bitcoin.” The move, involving 4,710 BTC valued at approximately $362 million, raises immediate questions about a potential sale and marks a significant turn for the meme-stock pioneer that had embraced cryptocurrency as a core treasury asset. This pivot comes as the company returns to profitability and its shares surged over 8% following Cohen’s announcement, highlighting investor focus on its next chapter beyond digital asset speculation.
about GameStop Shifts from Bitcoin to Acquisitions, Transfers $362M BTCRyan Cohen
0 posts last weekGameStop’s Bitcoin Strategy & Corporate Crypto Rush
GameStop’s Q2 results show a narrower loss, largely due to its bold Bitcoin strategy holding 4,710 BTC worth over $500 million. Under Chairman Ryan Cohen, the company is reshaping its financial playbook by selling international units, raising cash through bond sales, and now offering dividend warrants—one warrant per 10 shares, exercisable at $32 until October 2026. The market responded positively, with shares rising post-announcement. The article contrasts GameStop’s measured approach with QMMM Holdings’ extreme volatility, whose stock surged 2300% after a blockchain pivot announcement before crashing 50%. It also promotes Bitcoin Hyper ($HYPER) as a Layer-2 solution for Bitcoin, addressing speed and smart contract limitations using Solana Virtual Machine, with a presale raising $14.8M and staking rewards of 75%. The piece cautions investors to research thoroughly amid the speculative crypto-stock hype.
about GameStop's Bitcoin Strategy & Corporate Crypto RushGameStop Holds $528M Bitcoin, Narrows Quarterly Loss
GameStop reported a narrowed net loss of $18.5 million for the quarter, compared to a $44.8 million profit in the previous period, while revenue declined to $673.9 million. The company revealed it purchased 4,710 Bitcoin at a cost of $500 million, which generated $28.6 million in unrealized gains by quarter-end. This strategic crypto investment places GameStop among a growing group of public companies diversifying into digital assets. The retailer also benefited from lower operating costs and strong collectibles sales, which accounted for nearly one-third of total revenue. Under Chairman Ryan Cohen’s leadership, GameStop has been reshaping its finances, including raising $2.7 billion through convertible bonds and maintaining $6.1 billion in cash reserves.
about GameStop Holds $528M Bitcoin, Narrows Quarterly LossGameStop Eyes Crypto Payments for Trading Cards
GameStop is considering cryptocurrency payments for trading cards and collectibles, with CEO Ryan Cohen emphasizing customer demand as the deciding factor. The company recently invested over $500 million in Bitcoin, which Cohen described as a hedge against inflation rather than a copy of other firms’ strategies. Despite past setbacks with its NFT marketplace and crypto wallet, GameStop remains cautiously optimistic about digital assets. The stock showed little movement following the announcement, trading at $23.20, while the company raised $450 million for potential future crypto investments.
about GameStop Eyes Crypto Payments for Trading CardsGameStop Invests $500M in Bitcoin as Inflation Hedge
GameStop has allocated $500 million to Bitcoin as a hedge against inflation and global monetary expansion, according to CEO Ryan Cohen. In an interview with CNBC, Cohen hinted at future crypto payments for trading cards and collectibles, distancing the move from MicroStrategy’s strategy. The company is pivoting away from hardware due to rising costs, focusing instead on high-margin collectibles and exploring crypto integration to meet potential demand.
about GameStop Invests $500M in Bitcoin as Inflation HedgeGameStop’s Bitcoin Strategy: Inflation Hedge, Not Long-Term Bet
GameStop CEO Ryan Cohen stated that the company’s $512 million Bitcoin purchase in May was primarily an inflation hedge, not a signal of long-term crypto accumulation. While maintaining a strong balance sheet with over $9 billion in liquidity, GameStop remains cautious about further crypto investments. Cohen also revealed the company is exploring crypto payments for trading cards but shut down its NFT marketplace and wallet due to regulatory uncertainty. The firm’s approach reflects a measured, opportunistic stance on digital assets rather than a full pivot into crypto.
about GameStop's Bitcoin Strategy: Inflation Hedge, Not Long-Term BetGameStop CEO Reveals Unique Bitcoin Strategy
GameStop CEO Ryan Cohen clarified the company’s Bitcoin strategy, emphasizing a unique approach rather than mimicking competitors like MicroStrategy. With a $500 million BTC investment as an inflation hedge, GameStop maintains a strong balance sheet while exploring crypto payments for trading cards. Though the firm previously ventured into NFTs and crypto wallets, regulatory uncertainty led to their discontinuation. Cohen hinted at potential expansion into broader crypto acceptance but remains cautious, prioritizing responsible capital deployment. The company’s future crypto moves remain fluid, with a focus on demand-driven opportunities.
about GameStop CEO Reveals Unique Bitcoin StrategyGameStop Raises $450M, May Buy More Bitcoin
GameStop has secured another $450 million in funding, potentially earmarked for Bitcoin purchases under its investment policy. This follows its May acquisition of 4,710 BTC worth $512 million, aligning with its crypto treasury strategy inspired by Michael Saylor’s MicroStrategy. Despite raising nearly $2.7 billion through convertible notes, GameStop’s stock has dropped 23% year-to-date, with shares falling after each Bitcoin-related announcement. The company has also stepped back from Ethereum-based NFT ventures, citing regulatory concerns. CEO Ryan Cohen emphasized that GameStop isn’t committed to a fixed Bitcoin strategy, diverging from MicroStrategy’s consistent accumulation model.
about GameStop Raises $450M, May Buy More BitcoinGameStop Upsizes Convertible Notes to $2.25B Amid Bitcoin Move
GameStop expanded its latest convertible senior notes offering from $1.75 billion to $2.25 billion, following a similar $1.5 billion raise in April. Despite shares holding steady on Friday, they fell 24% over the week, closing at $22.14. The company recently purchased 4,710 Bitcoin but has not committed to further crypto acquisitions. CEO Ryan Cohen emphasized focusing on trading cards, which accounted for 29% of Q1 sales, as a natural extension of GameStop’s business. The proceeds from the notes will support general corporate purposes, including potential investments and acquisitions, while the company’s NFT marketplace remains shuttered.
about GameStop Upsizes Convertible Notes to $2.25B Amid Bitcoin MoveGameStop’s $1.75B Bond Offer Sparks 22% Stock Drop
GameStop’s shares dropped sharply following its announcement of a $1.75 billion convertible bond offering, with proceeds earmarked for corporate purposes, including potential crypto investments. Despite purchasing 4,710 Bitcoin last month, the company has been criticized for its lack of transparency regarding its crypto strategy. CEO Ryan Cohen emphasized that GameStop isn’t mimicking other firms’ Bitcoin approaches, but critics like Strive CEO Matt Cole argue the company remains a ‘black box.’ The video game retailer, once a meme stock phenomenon, continues to navigate financial markets with mixed investor sentiment.
about GameStop's $1.75B Bond Offer Sparks 22% Stock DropGameStop Plans $1.75B Convertible Notes, Bitcoin Strategy
GameStop revealed plans to issue $1.75 billion in convertible senior notes maturing in 2032, though the conversion price remains undetermined. While the company recently acquired 4,710 Bitcoin, it did not confirm if the new funds would expand its crypto holdings, stating proceeds would go toward general corporate purposes, including potential acquisitions. GameStop’s stock dropped 10% in after-hours trading, continuing a downward trend since its Bitcoin investment announcement in March. The company previously raised $1.5 billion in a similar notes offering, using part of the proceeds to buy Bitcoin. CEO Ryan Cohen has hinted at further crypto investments, including a notable meeting with MicroStrategy’s Michael Saylor, a prominent Bitcoin advocate.
about GameStop Plans $1.75B Convertible Notes, Bitcoin StrategyGameStop Buys Bitcoin as Crypto Gaming Struggles Continue
GameStop has announced the purchase of 4,710 Bitcoin, worth $512 million, as part of its strategy to hedge against currency devaluation and systemic risk. This follows a $1.5 billion convertible notes offering and aligns with moves by companies like Tesla. Meanwhile, the crypto gaming sector is grappling with funding difficulties, as seen with the shutdowns of Ethereum-based games Realms of Alurya and Wonder Wars on the Ronin network. These closures highlight broader struggles in the industry, including a lack of sustainable profitability and over-reliance on publishers. Other notable developments include Yuga Labs selling the Moonbirds IP and various new game launches and pivots, such as Solana’s meme coin Bonk teasing a game release and Avalanche-based BloodLoop resurfacing with a planned launch.
about GameStop Buys Bitcoin as Crypto Gaming Struggles Continue