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GameStop stock price crashes, investors concerned about Bitcoin strategy?

2025/03/28 09:42 (Updated 2025/04/01 18:02)
CoinPost
Written by Lewis Kikutani
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GameStop stock price crashes, investors concerned about Bitcoin strategy?

Stock market crash

GameStop made a bold shift in strategy yesterday, issuing $1.3 billion in interest-free convertible bonds to buy the virtual currency Bitcoin (BTC). Initially, the stock price rose 11%, but investors' concerns led to the stock price falling more than 22% on the 27th to hit its lowest price since the beginning of the year at $21.3. Related: Bitcoin falls by 300,000 yen, institutional investors continue to outflow funds despite GameStop reports | Virtual NISHI Nathan Cox (Chief Investment Officer of Two Prime Digital Assets) told The Block that GameStop is aware of Strategy's successful Bitcoin strategy model...

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MAGAZINE
Iolite Vol.14

Iolite Vol.14

July 2025 issueReleased on 2025/05/30

Interview Iolite FACE vol.14 Charles Hoskinson, founder and CEO of Cardano/Input Output Global PHOTO & INTERVIEW Mariko Mabuchi Special feature: "Considerations on cryptocurrency-related policies in Japan and the US", "Blockchain guide from Japan", "Huge position liquidation occurs at Hyperliquid! A new, unanticipated crisis in decentralized finance", "Sakana AI, a generative AI startup from Japan that is attracting a lot of attention", "Prepare for a recession: correlation between finance and anomalies" Crypto Journey: "Web 3.0 from the perspective of the 'King of Debate'" Interview with Hiroyuki Special series: Virtual Nishi: "Cryptocurrency market trends and key points for interpreting them" Series: Tech and Future Toshinao Sasaki, etc.

MAGAZINE

Iolite Vol.14

July 2025 issueReleased on 2025/05/30
Interview Iolite FACE vol.14 Charles Hoskinson, founder and CEO of Cardano/Input Output Global PHOTO & INTERVIEW Mariko Mabuchi Special feature: "Considerations on cryptocurrency-related policies in Japan and the US", "Blockchain guide from Japan", "Huge position liquidation occurs at Hyperliquid! A new, unanticipated crisis in decentralized finance", "Sakana AI, a generative AI startup from Japan that is attracting a lot of attention", "Prepare for a recession: correlation between finance and anomalies" Crypto Journey: "Web 3.0 from the perspective of the 'King of Debate'" Interview with Hiroyuki Special series: Virtual Nishi: "Cryptocurrency market trends and key points for interpreting them" Series: Tech and Future Toshinao Sasaki, etc.