Your email has been successfully added to our mailing list.

×
-0.00116099071207421 -0.00116099071207421 -0.000886222910216715 0.000386996904024828 -0.000514705882352842 0.000386996904024828 0.000773993808049657 0.00193498452012387
Stock impact report

Will GameStop Dump Its Bitcoin? CEO Says ‘Way More Compelling' Move Ahead [Yahoo! Finance]

GameStop Corporation (GME) 
Last gamestop corporation earnings: 3/26 04:06 pm Check Earnings Report
Company Research Source: Yahoo! Finance
toward a “transformative” acquisition, suggesting the company's roughly $500 million Bitcoin treasury may no longer be a permanent fixture on the balance sheet. In a CNBC interview, Cohen declined to say whether GameStop plans to cash out its Bitcoin. Still, when asked how the company would fund future deals, Cohen described GameStop's acquisition ambitions as “way more compelling than Bitcoin.” “It's transformational. Not just for GameStop, but ultimately, within the capital markets,” Cohen told CNBC . “This is something that really has never been done before within the history of the capital markets.” “If it works, it's genius. If it doesn't work, it will be totally foolish,” he added. Following the announcement, GameStop shares were up about 8.25% on the day, trading around $25.85 after rising $1.97 from $23.88. The shift in GameStop's sentiment on Bitcoin follows on-chain data from CryptoQuant indicating that the games retailer had recently transferred its entire 4,710 B Show less Read more
Impact Snapshot
Event Time:
GME
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
Last price at news event
Since Event
Multi-day stock performance from the time of the news release
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
Last Price
VWAP
High:
Max Up
High:
Low:
Max Down
Low:
%
Post news range
%
Price change

Price Change Percentage


S&P 500
(SPX)

%

Volume ratio
%

Volume
Ticks

Avg transaction size

Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Opt-in for GME alerts
Opt-in for
GME alerts

from News Quantified
Opt-in for
GME alerts

from News Quantified