Why Is GameStop (GME) Share Price Is Falling After Bitcoin (BTC) Plans?
https://www.coindesk.com/markets/2025/03/27/gamestop-tumbles-25-following-bitcoin-convertible-bond-plan-what-s-happening
GameStop's shares plunged 25% on Thursday, more than erasing all gains since the firm announced its bitcoin (BTC) buying plans.
The company's $1.3 billion, 0% convertible note offering to fund its bitcoin acquisition plan was met with initial excitement, but investor enthusiasm waned upon closer examination of the financing.
Analysts predict that GameStop's share price will continue to decline prior to the issuance of the convertible note.
originally posted at https://stacker.news/items/927298
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2025-03-27 21:49:00
Author Public Key
npub1k3qrkfq45qsvyp53hvvv2xk6tt9kfdca9asfvm9nc796dq65948q9q9t9mPublished at
2025-03-27 21:49:00Event JSON
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"content": "Why Is GameStop (GME) Share Price Is Falling After Bitcoin (BTC) Plans?\nhttps://www.coindesk.com/markets/2025/03/27/gamestop-tumbles-25-following-bitcoin-convertible-bond-plan-what-s-happening\n\nGameStop's shares plunged 25% on Thursday, more than erasing all gains since the firm announced its bitcoin (BTC) buying plans.\n\nThe company's $1.3 billion, 0% convertible note offering to fund its bitcoin acquisition plan was met with initial excitement, but investor enthusiasm waned upon closer examination of the financing.\n\nAnalysts predict that GameStop's share price will continue to decline prior to the issuance of the convertible note.\n\noriginally posted at https://stacker.news/items/927298",
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