GameStop shares tank 20% as retailer reveals convertible debt offering

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GameStop shares fell 23% after announcing a $1.75 billion convertible notes offering to help fund its bitcoin investment strategy and shift focus to trading cards. The company recently bought 4,710 bitcoins and plans further crypto investments. CEO Ryan Cohen cited bitcoin’s fixed supply as a hedge against macro risks. GameStop also reported a 17% revenue decline in Q1, fueling skepticism about its strategy. Analysts remain doubtful, comparing the move to MicroStrategy’s volatile crypto approach, CNBC has reported. Meanwhile, GameStop is leaning into trading cards, which saw a 54% revenue increase, driven by strong demand for Pokémon cards. read more: 👍 Like this video if you think companies should be more transparent when mixing traditional retail with high-risk crypto investments. 💬 Comment below—do you see GameStop’s bitcoin move as visionary or reckless? Can trading cards really keep the company afloat? 🔗 Share this video to keep others in the loop about GameStop’s latest pivot and the investor reactions shaking up its stock price. 💰 Want to support the channel? Hit the YouTube Thanks button—your support helps us unpack bold business moves and market disruptions with clarity. 👉 Don’t forget to subscribe for more breakdowns of earnings reports, crypto strategies, and retail investing trends. Thanks for watching. Let’s stay informed—and cautious—when hype meets high finance. 🎮📉₿ Links for B.C. Visit My Website Follow Me On Facebook / b.c.begley Subscribe To My Patreon / bcbegley Watch Me On YouTube / @b.c.begley6007 Follow Me On Twitter / bc_news1 Watch Me On Rumble Follow Me On Gab Follow Me On Truth Social Follow Me On BlueSky Watch Me On TikTok / bcbegley #GameStopCrash #BitcoinBet #TradingCardsBoom #shorts