Thu, May 29, 2025
Wed, May 28, 2025

Investors flee GameStop following $500 million Bitcoin splurge

GameStop announced the purchase of 4,710 Bitcoins on Wednesday.
The article from Fortune, dated May 28, 2025, discusses the significant impact of GameStop's decision to invest $500 million in Bitcoin on its investors. Following the announcement, GameStop experienced a mass exodus of investors, leading to a sharp decline in its stock price. The move was seen as a risky bet on cryptocurrency, causing unease among shareholders who were already skeptical about the company's future. Many investors, fearing further volatility and potential losses, chose to sell their shares, exacerbating the stock's downward spiral. This event underscores the broader market's cautious stance towards companies heavily investing in cryptocurrencies.

Read the Full Fortune Article at:
[ https://fortune.com/crypto/2025/05/28/gamestop-investors-flee-500-million-bitcoin-buy/ ]