The company said Tuesday its board voted unanimously to raise $1.3 billion to purchase Bitcoin, while simultaneously closing a “significant number” of retail stores. Although the news was greeted with ...

GameStop is doubling down on a risky turnaround strategy that includes closing hundreds of retail locations while investing ...

Analysts told Cointelegraph the dip reflected concerns over GameStop’s core business model rather than its crypto ambitions. GameStop Follows Strategy’s Bitcoin Blueprint This move puts GameStop in ...

I could never get my head around the bull case for GameStop, the original meme stock, that has largely defied the odds of a floundering business model and hasn’t yet crashed and burned like ...

Analysts at the time suggested the chilly reception reflected shareholders' fear of GameStop's deeper problems with its business model. GameStop is a relative latecomer among public companies creating ...

GameStop's recent regulatory filing disclosed plans to shut down a ‘significant number’ of additional stores in the immediate future, although specifics on which locations are set for closure have yet ...

GameStop is closing more stores worldwide as it struggles with declining in-store game sales. The company has already shut down 1,000 locations in the past year, with more closures on the horizon.

"The Evolution of GameStop from an outdated, failing business model to the darling of the meme stock movement to a Bitcoin treasury company will be studied in history books," said one user.

GameStop isn’t the only company to change its business model to focus more on crypto investing. Software company Strategy adopted Bitcoin as a reserve asset in 2020, and has seen its stock price ...

The company did not immediately respond to a request for comment from Fortune. GameStop isn’t the only company to change its business model to focus more on crypto investing. Software company Strategy ...