| Cryptocurrency | Price (USDT) |
|---|---|
| BTC | $107336.5300000000 |
| ETH | $2435.2410000000 |
| BNB | $649.4298600000 |
| XRP | $2.1860280000 |
| ADA | $0.5622688000 |
| SOL | $150.1401000000 |
| DOGE | $N/A |
| DOT | $3.4037000000 |
| LTC | $86.5775000000 |
| LINK | $13.3517200000 |
Category: CRYPTO NEWS
The post GameStop Stock Price Continues Sinking After $512 Million Bitcoin Buy appeared on BitcoinEthereumNews.com. In brief GameStop’s stock price fell for a second straight day, finishing below $30. The video game retailer announced its first big Bitcoin buy on Wednesday, ahead of the dive. GameStop bought over $500 million worth of Bitcoin to kick-start its crypto treasury. The stock price of prominent video game retailer GameStop fell for the second straight day after the company announced its first-ever Bitcoin buy in excess of $500 million Wednesday morning. GME finished the trading day down over 5% to $29.57 per share, diving further after a nearly 11% daily drop by the end of the trading day Wednesday. The Nasdaq-listed stock has lost most of its weekly gains, now up just more than 1% over that span. GameStop’s share price popped to just shy of $36 at Wednesday’s open, the highest price recorded in nearly a year since GME briefly popped to $48 in June 2024 when meme stock influencer Keith Gill (aka Roaring Kitty) made his return. The firm has now seen that kind of Bitcoin-related volatility on multiple occasions. GameStop’s stock price rose in late March when it initially disclosed its plans to add Bitcoin as a treasury asset, but then fell soon after when the company announced plans to raise up to $1.5 billion to buy BTC rather than tap into its cash reserves. While GME was down Thursday, stock market indices were broadly green, albeit only slightly so. The Nasdaq and S&P 500 both finished up by about 0.4%, with the market digesting big news like a U.S. trade court pushing back on President Trump’s tariffs—though an appeals court has since stepped in—and an economic report showing a contraction in GDP. The continued decline in GameStop’s price over the last two days comes as Bitcoin itself struggles to hold onto recent gains after…
2025-05-30T02:38:23+00:00