“The Company Earlier this Week Closed On A $ 1.5 Billion Capital Raise, with The Funds to Be MOSTLY USED TO BUY BITCOIN.”, – WRITE: www.coindesk.com
Gamestop Ceo Cohen Buys $ 10m of Gme Shares Following Bitcoin Acquisition PlanThe Company Earlier this Week Closed On A $ 1.5 Billion Capital Raise, with The Funds to Be MOSTLY USED TO BUY BITCOIN.Updated APR 4, 2025, 1:43 pm PUBLISHED APR 4, 2025, 1:02 pm
Ryan Cohen, The Chairman and Ceo of Video Retaler Gamestop (GME), Increasted His Stake in the Company Firm’s Decision to Add Bitcoin (BTC) As A Treasury Respare Asset.
Access to a thursday filing to the US securities and exchange commission (SEC), Cohen Acquired An Additional 500,000 Shares of the Company’s Class A Common Stock at $ 21.55555555555555555555
This Purchase Elevates Cohen’s Total Holdings to 37,347,842 Shares, Representing About 8.4% of Gamestop’s Outstanding Shares, The Filing Shows.
Cohen’s Purchase Comes on the Heels of Gamestop’s Board Approving A Plan in Late March to Invest Part of of Its Cash Pile in Bitcoin. The FIRM ALSO Issued $ 1.5 Billion in Convertible Notes to Raise Funds for It BTC Acquisition Plan. That capital raise closed earlier this week.
GME Shares Are Slightly Up Premarket Trading After Falling Over 7% On Thursday as US Stocks Plunged in Reaction to President Trump’s Tariff AnnounCements.
Krisztian SandorKrisztian Sandor is a US Markets Reporter Focussing on Stablecoins, Tokenization, Real-World Assets. He Graduated from New York University Business and Economic Reporting Program Before Joinger. HE HOLDS BTC, SOL AND ETH.
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