GameStop shares tank 22% after boosting raise to $2.25B for Bitcoin strategy 💸
GameStop has increased its convertible note offering to $2.25 billion. This move is aimed at enhancing its Bitcoin treasury strategy, which has fueled speculation regarding the company's potential future investments in the cryptocurrency space. The announcement led to a drastic 22% drop in the value of GameStop shares, reflecting investor concerns and market volatility in response to this strategic shift.
Source: cointelegraph.com ↗
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