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GameStop stock price crashes, investors concerned about Bitcoin strategy?

2025/03/28CoinPost
Written by Lewis Kikutani
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GameStop stock price crashes, investors concerned about Bitcoin strategy?
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Table of Contents

  1. Stock market crash

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.13

Iolite Vol.13

May 2025 issueReleased on 2025/03/28

Interview Iolite FACE vol.13 Joseph Lubin, co-founder of Ethereum and founder of Consensys PHOTO & INTERVIEW Yusuke Narita Features: "Dawnbreak Players 30: 30 Web 3.0 Players to Watch in 2025", "How to Use EXPO2025 DIGITAL WALLET", "The Global Controversy Over Meme Coins: What Happened in the U.S. and Argentina", "Finally, Technology Has Entered the Social Implementation Phase: Examples of Web 3.0 Use in an Era of Declining Population" Crypto Journey: Interview with Mohsin, a Popular Crypto YouTuber Special Series: Virtual Nishi: "Market Trends in Crypto Assets and Key Points to Interpret" Series: Tech and Future: Toshinao Sasaki, etc.

MAGAZINE

Iolite Vol.13

May 2025 issueReleased on 2025/03/28
Interview Iolite FACE vol.13 Joseph Lubin, co-founder of Ethereum and founder of Consensys PHOTO & INTERVIEW Yusuke Narita Features: "Dawnbreak Players 30: 30 Web 3.0 Players to Watch in 2025", "How to Use EXPO2025 DIGITAL WALLET", "The Global Controversy Over Meme Coins: What Happened in the U.S. and Argentina", "Finally, Technology Has Entered the Social Implementation Phase: Examples of Web 3.0 Use in an Era of Declining Population" Crypto Journey: Interview with Mohsin, a Popular Crypto YouTuber Special Series: Virtual Nishi: "Market Trends in Crypto Assets and Key Points to Interpret" Series: Tech and Future: Toshinao Sasaki, etc.