The company said Tuesday its board voted unanimously to raise $1.3 billion to purchase Bitcoin, while simultaneously closing a “significant number” of retail stores. Although the news was greeted with ...

GameStop is doubling down on a risky turnaround strategy that includes closing hundreds of retail locations while investing ...

GameStop announced Tuesday the successful completion of a $1.5 billion private offering of convertible senior notes.

Speculation around GameStop including Bitcoin in its business model could drive shares higher ... be unfavorable as the crypto cycle may soon shift. Analyst’s Disclosure: I/we have no stock ...

GameStop is closing more stores worldwide as it struggles with declining in-store game sales. The company has already shut down 1,000 locations in the past year, with more closures on the horizon.

The core business of GameStop is ... sustainable business model. Analysts are skeptical: Michael Pachter told Yahoo News he is not confident in yet another strategic shift after the company ...

The company’s core business has been long struggling due to a broader consumer shift ... model could prove to be a turnaround for the firm. In February, CNBC reported citing sources that ...

"Investors are not necessarily optimistic on the underlying business," said Bret Kenwell, U.S. investment analyst at eToro. "There are question marks with GameStop's model. If bitcoin is going to be ...

GameStop isn’t the only company to change its business model to focus more on crypto investing. Software company Strategy adopted Bitcoin as a reserve asset in 2020, and has seen its stock price ...

The company did not immediately respond to a request for comment from Fortune. GameStop isn’t the only company to change its business model to focus more on crypto investing. Software company Strategy ...