Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
A general look at the Gamestop logo on one of its shops in the city center Cologne, Germany.
Ying Tang | Nurphoto | Gets the image
Gamestop He said on Wednesday that he officially bought 4,710 bitcoins, worth more than half a billion dollars when the video game retailer started his crystall plan in a similar step that became famous Microstrategy.
Purchase, its first investment in Bitcoin, cost $ 512.6 million at Bitcoin price at $ 108,837 on Wednesday. Recently the largest cryptocurrency world has been on a tear Reduction of Moody’s Sovereign Debt Reduced Alternative value stores like Bitcoin are highlighted.
Gamestop shares fell 9% in morning trade after news. About 8%increased this year. As of February 1, the company scored $ 4.76 billion, according to an annual report published in April.
CNBC first reported Gamestop’s intention to add cryptocurrencies to your balance in February. The company confirmed its plan at the end of March, saying it did not set the ceiling by the number of bitcoin it could buy.
Gamestop follows in the footsteps of Microstrategy software, which is now known as StrategyWhich in recent years has bought bitcoin, which bought billions of dollars to become the largest corporate owner of the flagship cryptocurrency. This decision caused a quick, albeit changing, lift for strategy stocks.
The Gamestop raid on cryptocurrency marks the latest efforts of Ryan CEO to revive the brick and construction case. Under the guidance of Cohen, Gamestop focused on reducing the costs and streamlining operations to ensure that the company is beneficial.
