GameStop Preps War Chest For Potential $1.75 Billion Bitcoin Play
GameStop has told investors it plans to raise $1.75 billion through convertible notes, just a day after adding 4,710 BTC to its balance sheet. The private offering is aimed at qualified institutional buyers. It carries no cash interest and will come due in mid-2032. Related Reading: Russia Gets Tough On Crypto Miners—Illegal Operations Face Asset […]
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At the end of May, crypto advocates discovered a website created by the video game retailer Gamestop. The web portal disclosed that Gamestop was entering the world of blockchain tech and non-fungible token (NFT) assets. Gamestop’s NFT web portal has recently been updated and is requesting creators to sign up for the platform. Gamestop NFT Website Hints at Upcoming Marketplace Launch Gamestop (Nasdaq: GME) has had an interesting year, to say the least. It all started at the start of the year in January, when the Reddit forum r/wallstreetbets sparked a Gamestop shares trading war....
According to a press release, crypto exchange FTX will partner with GameStop (GME). The partners will cooperate to gain the interest of GameStop clients for cryptocurrencies, and onboard them into the FTX ecosystem. Related Reading: Zero Bitcoin Fees & USDC Delisting: How Binance Is Pushing For Larger Marketshare GameStop is a chain of retail technology […]
Following the infamous Wallstreetbets story a few months ago, the company Gamestop is doing much better than it did a year ago. Now a new website called nft.gamestop.com indicates that the firm is dipping its feet into blockchain technology via non-fungible tokens built with Ethereum. ‘Power to the Players’ The publicly listed company Gamestop (Nasdaq: GME) has seemingly launched a new website dedicated to non-fungible tokens (NFTs). The public isn’t fully aware of what the web portal means because Gamestop has not officially announced the project. However, on April 8,....
After launching an NFT marketplace and wallet with the help of Immutable X, GameStop is continuing its push into crypto following a partnership with FTX. Gaming retailer GameStop is partnering with United States crypto exchange FTX US to bring more customers to crypto and work together on online marketing initiatives. In a Sept. 7 statement, the gaming retailer noted that the new partnership will introduce GameStop’s customers into the FTX ecosystem, including its marketplaces for digital assets, while also seeing the retailer become FTX’s “preferred retail partner in the United....
The Mad Money host proposed that the company's brick-and-mortar shops could become "crypto-information palaces" in which gamers could buy and sell cryptocurrencies. With GameStop's stock more than doubling in price over the last two days, CNBC’s Jim Cramer is proposing the brick-and-mortar company change its business model to be more inclusive of cryptocurrencies. Speaking on CNBC’s Squawk Box today, the Mad Money host suggested that he had a plan to "justify the stock price" of GameStop. At the time of publication, the price of GME is $131.17 — an increase of more than 175% in the last 24....