
GameStop’s Stock Plunges 25% After Announcing $1.3B Bitcoin Investment Plan
GameStop’s stock saw a sharp 25% intraday drop on Thursday, following the company’s announcement of a strategic shift that includes issuing $1.3 billion in convertible bonds to fund a Bitcoin acquisition. This move, part of an updated investment policy approved by the board, has sparked concerns among investors about the company’s long-term direction. GameStop Embraces…