bitcoin, GameStop and stock
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The U.S. Senate passed its first significant vote 68-30 on the long-awaited stablecoin bill, bringing final approval within reach. This legislative momentum is mirrored in the House of Representatives,
The crypto-focused asset manager is offering a covered call strategy to provide share price exposure to GME while generating income.
GameStop shares are dropping 17% in premarket trading Thursday, a day after the video-game retailer announced a new fundraising effort.
Touted as one of the most closely watched presales of 2025, Bitcoin Pepe's presale has raised over $14.1 million ahead of a planned listing announcement on June 17.
GameStop proposes to offer a new $1.75 billion in convertible senior notes that would be used in "making investments" in a consistent manner.
The analyst said GameStop has gained around $8 million on its Bitcoin purchase since late May, but the company's value remains around $12.50 per share based on cash, securities and cryptocurrency. GameStop's Bitcoin holdings and value will be volatile moving forward, he added.
Taking a closer look at GameStop, its bet on Bitcoin and billions in cash with Seeking Alpha analysts, its news team, and GME's Virtual Analyst Report.
GameStop purchased 4,710 Bitcoin in cash between May 3 and June 10, following a March board decision to adopt BTC as a treasury asset.