Search results for "GAMESTOP"
11:11

Gate delisting GAMESTOP and 23 other Tokens and repurchasing, users need to withdraw remaining assets in a timely manner.

According to Gate News bot, on August 11, 2025, Gate officially announced that it has decided to delist the trading market for 23 tokens including GAMESTOP and KAP. The tokens involved in the delisting include GAMESTOP, KAP, YESP, AICODE, 0DOG, EARN, ANDY, ELU, RDF, BNBAI, INSN, BABYBONK, MEMEBRC, FNCY, FSN, AUTO, POGAI, LMR, OOKI, AST, ZKF, DOGI, and ANS. The corresponding USDT trading pairs will be removed. Gate has completed the token buyback for eligible users, and the buyback amount has been credited to the users' accounts. The platform will stop the deposit and trading services for these tokens, and the withdrawal service will also be closed soon.
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05:42

Gamestop CEO Ryan Cohen has massively unfollowed Bitcoin-related accounts.

Gamestop CEO Ryan Cohen has unfollowed all Bitcoin accounts on the X platform, attracting attention. Currently, the company holds 4,710 Bitcoins, which is only one-third of the planned purchase. Despite raising $1.48 billion for Bitcoin investment, Cohen's attitude has faced continuous criticism, being labeled as a "worthless supporter".
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13:24

"Bond King" Gross: GameStop's recent stock price movement is very similar to BTC.

Odaily News "Bond King" Bill Gross made millions in 2021 by shorting GameStop and AMC, stating that GameStop's current performance no longer resembles a "meme stock" and instead is quite similar to BTC. From early January to early April this year, the price of Bitcoin fell, but it has now rebounded to above $110,000. GameStop announced its first purchase of Bitcoin at the end of May and currently holds approximately 4,710 Bitcoins, worth about $537 million. (BusinessInsider)
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13:38

GameStop CEO: Buying BTC for hedging against inflation, will not mimic Strategy

Odaily News GameStop CEO Ryan Cohen stated in an interview with CNBC that the company will not follow the Strategy model but has its own unique strategy. Currently, GameStop has a very strong balance sheet with over $9 billion in cash and securities, and the previous purchase of 4,710 BTC was merely to view Bitcoin as a tool for hedging against inflation and global money printing. (CNBC)
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09:41

Economic analysis of historical speculative frenzies reveals the fundamental differences between the value of BTC and traditional bubbles.

From the "Tulip Mania" in the Netherlands during the 1630s to internet memes stocks like GameStop and AMC during the pandemic, history is filled with various peculiar asset price fluctuations. But what exactly makes them financial bubbles? The price of Bitcoin has currently reached about $108,000, up from $55,000 a year ago and $9,200 five years ago. Does this reflect the fundamentals? Possibly. Looking at recent market trends, even in developed economies, policy-induced inflation could shrink the value of your savings by 20% or more. US President Trump has shown a clear inclination to support crypto assets, even mentioning the establishment of a government strategic cryptocurrency reserve. Other store of value assets like gold can be quite tricky for the average investor to buy and sell.
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01:47

ProCap, GameStop, and Metaplanet strengthen their bets on Bitcoin.

According to Gate News bot, as reported by FXStreet, Anthony Pompliano revealed in a post on X on Wednesday that ProCap BTC has spent approximately $128 million to acquire 1,208 BTC. The average price for this acquisition was $105,977 per BTC, bringing the company's total holdings to 4,932 BTC.
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06:16

Anthony Pompliano: Historical experience suggests that the Bitcoin trend is about to reverse.

Gate News bot news, Bitcoin entrepreneur Anthony Pompliano stated that despite the current rise in oil and gold prices while Bitcoin is falling, historical experience suggests that this trend may soon reverse. He added that the initial reaction "is exactly the same as when Iran launched hundreds of rockets at Israel last October," when Bitcoin fell by 3%. Pompliano said, "In the initial 48 hours of that situation, Bitcoin's performance ultimately outperformed the other two assets. It will be interesting to see what happens here." Other Bitcoin users indicated that now is the time to buy. Samson Mow from Jan3 stated in a post targeting GameStop CEO Ryan Cohen on Thursday that Bitcoin is in a buying zone.
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00:31

GameStop will increase the scale of its planned issuance of convertible preferred notes to $2.25 billion.

Video game retailer GameStop (NYSE: GME) announced that it has set a price in a private placement of its $2.25 billion aggregate principal amount of 0.00% convertible senior notes due 2032. The Company also granted the initial purchaser an option to purchase up to $450 million of additional principal notes within 13 days from the date of the initial issue of the Notes. After deducting related expenses, GameStation expects net proceeds of approximately US$2.23 billion from the offering, and approximately US$2.68 billion if the initial purchaser exercises the option, which will be used for general corporate purposes, including investments and potential acquisitions.
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23:57

GameStop expands the issuance of convertible bonds to $2.25 billion.

Gate News bot消息,GameStop has adjusted the scale of its private sale issuance from the original $1.75 billion to $2.25 billion. This issuance will consist of 0.00% convertible senior notes, scheduled to mature on June 15, 2032, with no interest and no increase in principal. The transaction is scheduled to be completed on June 17, 2025. The net proceeds from this fundraising are expected to reach $2.23 billion, and if the overallotment option is exercised, the total will reach $2.68 billion. GameStop stated that the raised funds will be used for general corporate purposes, while also pursuing investments and potential acquisition activities in line with its investment policy.
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07:47

Sygnum warns that the concentration of Strategy Bitcoin Holdings may hinder Central Bank adoption

According to a report by regulated digital asset bank Sygnum, companies such as Strategy (formerly MicroStrategy) that have adopted Bitcoin strategies have greatly expanded institutional demand for Bitcoin, but its increasingly aggressive and leveraged BTC accumulation approach could damage the asset's credibility as a central bank reserve. There are currently 144 companies that have adopted some form of Bitcoin financial strategy, and 114 of them have gone public, including Tether-backed Twenty One, Satoshi Nakamoto, Trump Media (Trump Media), GameStop, and K33, and more recently, they have joined Metaplanet, Semler Companies such as Scientific and KULR have adopted the model pioneered by Strategy's co-founder, Michael Saylor. Analysts at Bernstein (Bernstein) predict that Strategy's and its successors could increase their Bitcoin gold reserves by $330 billion over the next five years, driven by the Trump administration's more pro-crypto stance. As Strategy plans to gradually expand its holdings through a variety of multi-billion dollar financial projects, Sygnum warns that such concentrated holdings lead to systemic vulnerabilities,
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02:26

GameStop announced a proposed issuance of $1.75 billion debt notes, leading to a big dump of 12% in its stock price.

Gate News bot message, GameStop(GME) announced the issuance of $1.75 billion in private convertible senior notes to expand its debt financing strategy, potentially providing funding for further acquisitions of Bitcoin. Subsequently, GME's stock price fell by 11.7% in after-hours trading. Previously, GameStop reported a 17% decline in first-quarter revenue after hours the day before, and GME's stock price had already dropped by 5.34% during normal trading hours on Wednesday, to $28.55. The company did not specify that the proceeds would be used to increase its Bitcoin holdings, but stated that it also intends to invest in a manner consistent with GameStop's investment policy, in addition to potential acquisitions.
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01:18

GameStop plans to refinance $1.75 billion, potentially for Bitcoin investment.

GameStop Corp. plans to raise $1.75 billion through a private placement of convertible senior notes due 2032, and the company is exploring digital asset investments, including potential Bitcoin acquisitions, in line with its latest investment strategy. The zero-coupon notes will be issued pursuant to Section 144A of the Securities Act to qualified institutional buyers, with initial purchasers having an option to purchase an additional $250 million within 13 days of issuance. These unsecured notes are non-interest-bearing and do not accrequent, and will mature on June 15, 2032, unless converted, redeemed or repurchased early. GameStop said it could complete the conversion in cash, stock, or a combination of both. Conversion rates and other final terms will be determined at the time of pricing.
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02:58

GameStop Earnings Report: Q1 Company Net Income of $44.8 Million and Cash Purchase of 4,710 Bitcoins

GameStop, a company listed on the New York Stock Exchange, released its Q1 2025 earnings report, which disclosed: 1. The net sales for this quarter were 732.4 million dollars, with an operating loss of 10.8 million dollars and a net income of 44.8 million dollars; 2. Cash, cash equivalents, and marketable securities at the end of the first quarter amounted to $6.4 billion, compared to $1 billion at the end of the first quarter last year. 3. The divestment of Canadian assets was completed on May 4, and 4,710 bitcoins were purchased in cash from May 3 to June 10.
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01:34

GameStop Q1 Financial Report: Net Profit of $44.8 million, Recently Purchased 4,710 Bitcoins

Gate News bot, GameStop Corp. (NYSE: GME) released financial results for the first quarter ended May 3, 2025, and the company's condensed and consolidated financial statements, including GAAP and non-GAAP results, are as follows: net sales for the quarter were $732.4 million, compared to $881.8 million in the year-ago quarter; Selling, general and administrative expenses (SG&A) were $228.1 million in the quarter, compared to $295.1 million in the year-ago quarter. Operating loss for the quarter was $10.8 million, compared to $50.6 million in the year-ago quarter; Operating loss for the quarter included an impairment charge of $35.5 million related to an international restructuring; Adjusted operating profit for the quarter, net of impairment charges and other items, was $27.5 million, compared to an adjusted operating loss of $55.0 million in the year-ago quarter. Net income for the quarter was $44.8 million, compared to a net loss of $32.3 million in the year-ago quarter. Adjusted net income for the quarter, net of impairment charges and other items, was $83.1 million, compared to an adjusted net loss of $36.7 million in the year-ago quarter. Cash, cash equivalents and marketable securities totaled $6.4 billion at the end of the first quarter, compared to $1.0 billion in the year-ago quarter.
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14:55

Bitwise launches GameStop Options Yield Exchange-Traded Fund IGME

Matt Hougan, chief investment officer of Bitwise, said in a post on the X platform that Bitwise Investment Company has just launched the first covered call option ETF (IGME) focused on GameStop, which generates income through an option strategy, but does not invest directly in GameStop stock, and fund shareholders are not entitled to any dividends from GME.
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13:28

Data: Last week, global listed companies net bought Bitcoin worth 196 million USD, with Strategy increasing its holdings for 8 consecutive weeks.

As of June 2, 2025, global listed companies' net purchases of Bitcoin for the week reached $196 million, while Bitcoin ETF saw a net outflow of $157 million. Strategy has increased its holdings for 8 consecutive weeks, purchasing $75 million last week, and MetaPlanet acquired $117 million. The total amount of Bitcoin held by global listed companies has reached 636,960 coins, with a market capitalization of approximately $6.635 billion, accounting for 3.2% of Bitcoin's circulating market capitalization. Gamestop disclosed for the first time that it holds 4,710 Bitcoins.
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13:28

Data: Last week, global listed companies net purchased Bitcoin worth 196 million USD, with Strategy increasing holdings for 8 consecutive weeks.

As of June 2, 2025, global listed companies recorded a net purchase of Bitcoin amounting to $196 million in a single week, while Bitcoin ETF saw a net outflow of $157 million. Strategy has increased its holdings for 8 consecutive weeks, purchasing $75 million last week, and MetaPlanet acquired $117 million. The total amount of Bitcoin held by global listed companies reached 636,960 coins, with a market capitalization of approximately $6.635 billion, accounting for 3.2% of Bitcoin's circulating market capitalization. Gamestop disclosed for the first time that it holds 4,710 Bitcoins.
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02:21

GameStop invested $513 million to acquire 4,710 Bitcoins.

Gate News bot news, video game retailer GameStop disclosed in a company filing submitted on May 28 that it purchased 4,710 Bitcoins, worth approximately $513 million, but did not specify when the purchase was made. This marks GameStop's first foray into the Bitcoin market, with a strategy similar to that of companies like Strategy (formerly MicroStrategy). As of February 1, GameStop reported total cash, cash equivalents, and marketable securities of $4.78 billion.
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02:11

GameStop CEO: BTC can hedge against global currency devaluation.

ChainCatcher news, GameStop CEO explains why the company bought over $505 million in Bitcoin, stating, "BTC can hedge against global currency devaluation." According to previous reports and an official announcement, GameStop announced the purchase of 4710 BTC.
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09:07

Asset manager Strive urged Intuit to correct its "anti-bitcoin bias" and consider adding bitcoin to the company's coffers

Matt Cole, CEO of asset management firm Strive Asset Management, has previously persuaded GameStop to adopt a bitcoin reserve strategy, and it is reported that he has sent a letter urging financial software developer Intuit to correct its "anti-bitcoin bias" and consider adding bitcoin to the company's treasury to hedge against the disruptive impact of artificial intelligence, while reinstating accounts banned for posting Bitcoin-related content.
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06:16

Michael Saylor responds to GameStop CEO: "American-made" Bitcoin will reach 1 million dollars

Golden Finance reports that GameStop CEO Ryan Cohen posted on the X platform that the price of an iPhone made in the US could rise to $10,000. In response, Michael Saylor, founder of Strategy (formerly MicroStrategy), stated that "US-made" Bitcoin will reach $1 million. He previously indicated that Bitcoin does not "fear" tariffs and has provided resilience amid the big dump in the US stock market, as during periods of market panic, "traders will only sell what they can sell, not what they want to sell."
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20:16

GameStop raises $1.48 billion in note proceeds to purchase Bitcoin

According to the Gate.io News bot, BWENEWS reports that the game retailer GameStop has raised $1.48 billion through note issuance, and the company plans to use this fund to purchase Bitcoin. This funding comes from notes issued by GameStop, indicating that traditional retail companies are allocating some assets to the digital currency market.
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00:04

Major Developments in the Crypto Assets Market: New Initiatives from Institutions like GameStop, the Trump Family, and BlackRock

Gate.io News bot message, according to the latest news, game retailer GameStop announced plans to purchase Bitcoin. Meanwhile, projects related to the Trump family are preparing for the issuance of stablecoin. The Ethereum network has set the date for the next upgrade to April 30. Additionally, the world's largest asset management company, BlackRock, is working on launching a Bitcoin ETP product in the European market. Source: wublock123
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12:30

GameStop announced plans to acquire $1.3 billion in Bitcoin reserves, and market traders are taking a cautious stance.

According to the Gate.io News bot, Greeklive reports that current market traders are generally taking a cautious stance. Most traders expect Bitcoin to fall back to the $84,000-$85,000 range, while some traders believe the market is currently in a narrow consolidation phase. There is a large amount of passive selling at the $88,400 price level. GameStop recently announced plans to acquire $1.3 billion in Bitcoin reserves. Some traders see this as a "meme investment," predicting that this move will only drive the price of Bitcoin up to $90,000, with an effect lower than factors like BlackRock and Trump. Traders point out that some poorly performing companies are shifting to "Bitcoin reserves" to alleviate pressure on their financial reports, and the number of "zombie companies" in the market is increasing.
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12:18

Greeks.live: Most traders expect BTC to fall to the level of $84,000-$85,000.

Greeks.live released a community briefing, showing that most traders expect BTC to fall to $84,000 - $85,000, with narrow market fluctuations. The key resistance level is at $88,400, with passive selling pressure, and the support level is at $77,000. GameStop's potential purchase of $1.3 billion in Bitcoin raises market skepticism. Some believe there may be a slight rebound to $90,000, but it is not as impactful as BlackRock and Trump's influence on the market.
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02:42

QCP: It is expected that the market will continue to show Sideways Fluctuation before the tariff policy is clarified on April 2.

According to a message from ChainCatcher and analysis from QCP, they believe that this round of stock market rise is a tactical Rebound brought about by asset managers reallocating risk assets, rather than a change based on any macro fundamentals. Uncertainty surrounding U.S. trade policies and the broader political landscape remains the focus of market attention. Trump hinted at implementing more tariff measures before the April 2 deadline. However, the market still lacks a clear understanding of the scope, timing, and magnitude of these potential actions. Before this, we expect the market to continue exhibiting sideways volatility. In the digital asset space, we believe that Bitcoin has tactical performance advantages in the short term. Surprisingly, GameStop has included Bitcoin in its balance sheet. Although this is not the first instance of corporate adoption of cryptocurrency, GameStop's symbolic significance as a meme stock may reignite retail investors' interest.
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01:59

GameStop plans to raise $1.3 billion to purchase Bitcoin.

GameStop plans a private placement of $1.3 billion in convertible senior notes for general corporate purposes, including the acquisition of Bitcoin. The company plans to allow initial purchasers to buy notes totaling no more than $200 million. Recently, GameStop has included Bitcoin in its corporate reserve assets.
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BTC-2.44%
00:03

GameStop plans a private sale of 1.3 billion dollars in convertible preferred notes to purchase Bitcoin.

ChainCatcher news, GameStop announced plans to conduct a private sale of $1.3 billion of 0.00% convertible preferred notes (due 2030) aimed at qualified institutional investors. Depending on market conditions, the company may also authorize the initial purchasers to add up to $200 million of notes within 13 days. GameStop stated that the funds raised will be used for general corporate purposes, including the purchase of Bitcoin according to the company's investment policy.
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18:46

GameStop (GME.N) rise over 8%

Golden Finance reported that the U.S. stock market opened with the Dow flat, the S&P 500 index rose by 0.05%, and the Nasdaq rose by 0.06%. GameStop (GME.N) surged over 8%, with reports suggesting it is considering investing in Bitcoin and other Crypto Assets.
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10:36

Affected by rumors of adopting Bitcoin, GameStop's stock price rose nearly 10%.

After GameStop CEO Ryan Cohen took a photo with Strategy founder Michael Saylor, the stock price pumped to $27.12, a single-day increase of 9.66%. Although Cohen did not disclose the details of the meeting, people speculate that GameStop may be exploring BTC-related matters. As of now, GameStop has not made any public statements.
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12:40

Market News: GameStop appoints Nat Turner as board member

According to market news, GameStop has appointed Nat Turner as a member of its board of directors. Nat Turner, co-founder of Flatiron Health, is known for his involvement in Dibbs, an application that allows users to trade sports card partial rights in real time. (Jinshi)
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