Cointelegraph.com News (RSS Feed) on Nostr: Crypto Biz: GameStop takes the orange pill <img src=""><img src="">It has been a wild ...

Crypto Biz: GameStop takes the orange pill

<img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDMvMDE5NWQ4OTEtNDJjZC03ODI5LTk3YjgtMTg2YzJlMDBmMGI4.jpg"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDMvMDE5NWQ4OTEtNDJjZC03ODI5LTk3YjgtMTg2YzJlMDBmMGI4.jpg">It has been a wild few years for GameStop, the video game retailer turned memecoin stock. After being pulled from the edge of bankruptcy in 2021 thanks to a surging stock price, the company has made sensible business decisions over the years, such as shrinking its physical footprint and focusing on higher-margin items. Now, GameStop is trying to secure its survival by investing in Bitcoin (https://cointelegraph.com/bitcoin-price
told Cointelegraph that the company is focused on “retaining a significant portion of its mined Bitcoin to benefit from potential price appreciation.”Crypto Biz is your weekly pulse on the business behind blockchain and crypto, delivered directly to your inbox every Thursday.




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