Shares of GameStop (GME) are rallying after the video game retailer and memestock favorite announced plans to accumulate Bitcoin (BTC) as a reserve asset. GME stock, a viral sensation among retail traders in 2021, is up more than 14% the day after the company’s board approved a Bitcoin treasury strategy. Shares of GameStop are trading…

00:00 Speaker A Let me get your take on some some specific names that I know are on your radar, um Tom, one was GameStop, um, rare analysts knowing, listen, rare operating profit there for its holiday quarter. I’m curious, you look at that name, you see what? 00:25 Tom Well, I looked at the,…

ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email On today’s show, GameStop shares surge after the video game retailer said it will invest in bitcoin. Plus, Ripple’s chief legal officer offers details on the agreement reached with the SEC to end their long-running legal battle over allegations the company offered…

Bitcoin’s price tumbled 2% to settle at $86,000 at press time on Wednesday after another unsuccessful attempt at breaching the $90,000 resistance.  Ben “BitBoy” Armstrong, a well-known crypto influencer, was arrested in Florida on March 25 amid ongoing legal disputes linked to threats sent to a US Judge.  Crypto market capitalisation rose 0.5% in the last 24…

US stocks swoon as AI trade takes a beating A double whammy of negative AI headlines and tougher tariff talk sunk stocks on Wednesday. The S&P 500 fell 1.1%, the Russell 2000 gave back 1%, and the tech-heavy Nasdaq 100 slumped 1.8%. Tech was the worst S&P 500 sector ETF, down 2.2%, while consumer discretionary…

GameStop shares jumped nearly 12% on March 26 after the company announced plans to purchase Bitcoin (BTC). The company plans to finance the purchase through debt financing. After markets closed on March 26, GameStop announced a $1.3 billion convertible notes offering. The convertible senior notes — debt that can later be converted into equity —…

GameStop is planning a private offering of $1.3 billion in convertible senior notes to fund general corporate purposes and Bitcoin (BTC) purchases for its treasury, according to a March 26 announcement.  The announcement follows GameStop’s March 25 disclosure of an updated treasury strategy that will include digital assets. While the company did not disclose the…

GameStop announced Tuesday it plans to raise $1.3 billion through a private sale of 0.00% Convertible Senior Notes due 2030, with a clear intent to use part of the cash to buy Bitcoin. The company’s board signed off on the decision the same day, and the stock shot up 11.7% before market close, making GameStop…

Pixabay LINCOLN, Neb. (KLKN) — A Lancaster County woman lost $10,000 in a bitcoin scam, authorities said. On Tuesday night, a deputy was sent to a rural home on a report of a fraud, according to the Lancaster County Sheriff’s Office. A 73-year-old woman told the deputy that a message popped up on her computer…

Video game retailer GameStop said on Wednesday that it plans to offer up to $1.3 billion worth of convertible senior notes to investors, taking a page straight out of Strategy‘s Bitcoin-buying playbook. The Texas-based firm said in a press release that proceeds from the sale will be used for “general corporate purposes, including the acquisition…