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Why GameStop is trying to be the next MicroStrategy with its bitcoin move
GameStop is making bitcoin a treasury-reserve asset and has also announced a proposed private offering of $1.3 billion worth of convertible senior notes With its eagerly anticipated move into bitcoin, videogame retailer and original meme-stock name GameStop Corp. is following in the cryptocurrency footsteps of software company and bitcoin play Strategy, formerly MicroStrategy Inc. GameStop's (GME) decision to add bitcoin (BTCUSD) to its investment policy as a treasury-reserve asset has been dubbed Strategy "lite" on social media. An aggressive buyer of the cryptocurrency, Strategy (MSTR) has held bitcoin as its ... (full story)
