Forum Overview :: Wall Street Kid :: GameStop's stock dropped 10% after the company a

[quote name="Ryan Cohen is a fucking moron"]GameStop's stock dropped 10% after the company announced a $500 million Bitcoin purchase that depleted around 10% of its cash reserves. Investors appear skeptical about the cryptocurrency pivot doing anything to address GameStop's fundamental issues. Looking to diversify its assets, the retailer recently purchased 4,710 Bitcoin, announcing the transaction on May 28. While the group did not elaborate on when exactly this took place, its announcement arrived just a week after Bitcoin had reached an all-time high of $111,000. But hey! THEY GOT THE CHEWY GUYS!!!![/quote]