According to data, Google Finance Gamestop dropped almost $ 3 billion in market capitalization on March 27, when investors, secondly, retail plans of retail sellers in the field of Bitcoin (BTC).
On March 26, Gamestop tilted plans to utilize revenues from a replacement offer worth $ 1.3 billion for the purchase of Bitcoin – an increasingly popular strategy for public companies that want to boost the efficiency of shares.
The announcement of Gamestop came the day after he proposed to build cryptocurrency stocks, including Bitcoin and Stablelecouins with Bitcoin and American dollars.
Investors initially celebrated messages by sending shares by 12% on March 26. The mood of shareholders was canceled on March 27, pushing Gamestop, GME, by almost 24%, According to to Google Finance.
Gamestop supplies were reversed on March 27. Source: Google Finance
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Chilly party
Analysts say that a nippy party reflects the fears of Gamestop may strive to distract investors from deeper problems with his business model.
“Investors are not necessarily optimistic in relation to the base activity,” Bret Kenwell, an American investment analyst at ETORO, he said Reuters on March 27.
“There are question marks with the Gamestop model. If Bitcoin is a turn, where it leaves everything else?”
The sale also emphasizes the more bears of investors on Bitcoin as macroeconomic instability, including ongoing trade wars, weighs the spot price of cryptocurrency.
According to Google Finance, Bitcoin fell by about 7% a year, around USD 87,000 as at March 27.
“The price of Bitcoin has briefly increased to USD 89,000, but now has reversed its trend,” said Cointelegraph, Agne Linger protocol, a decentralized Finance (DEFI) protocol.
Linger added that the trade wars caused by the tariffs of US President Donald Trump remain a problem for traders.
Public companies belong to the largest Bitcoin owners. Source: Bitcointreasuries.net
Corporate Bitcoin Treasuries
Gamestop is a relative lateness among public companies forming Bitcoin Treasuries.
According to financing data in 2024, in 2024, the rising bitcoins prices sent strategy shares by over 350%.
The advantage by Michael Saylor spent over $ 30 billion on the purchase of BTC from the pioneering accumulation of Bitcoins in 2020, in accordance with Bitcointreasuries.net.net.net.
The success of the strategy prompted dozens of other companies to build their own Bitcoin Treasuries. Public companies collectively contain almost $ 58 billion in Bitcoins as at March 27, data can be seen.
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