Gamestop, but without the pillow star-news.press/wp

Gamestop received another $ 450 million from its enemy, which the debts are fueled by the Ministry of Heavy Treasury from Bitcoin, up to the total capital height to $ 2.7 billion. But unlike the strategy, the company does this with the retail trade in the free autumn.

According to The last deposit With the US Securities and Exchange Committee, Gamestop Gamestop (GME) received an additional $ 450 million through the full exercise of the “Greenshoe” option associated with its convertible notes of $ 2.25 billion earlier this month.

This offer raised the total capital increase in Gamestop to $ 2.7 billion, which is the war fund that it says will finance corporate investments, including inquiries about Bitcoin (BTC) as the origin of the treasury reserve.

A strategic imitation or action in action?

The aggressive Gamestop axis to Bitcoin repeats the familiar playing book now. The recent deposits of the company indicate an “investment policy” that includes obtaining BTC as the origin of the cabinet reserve.

This language reflects the pioneering model through Michael Silor’s strategy, which began storing bitcoin in 2020 amid total economic uncertainty and a public budget stagnation. However, the difference is less important than the similarity.

Where the strategy was fixed, although it was not soft to the software, when it started buying BTC, Gamestop is equal division stores. The basic revenues of the strategy decreased modestly, a decrease of 6.2 % on an annual basis, but the work is still intact.

The Bitcoin strategy has greatly exaggerated its public budget, as information on its website showed total assets that has bent from $ 2.4 billion in 2022 to more than $ 43 billion as of Q1 2025. This is an annual increase of 591 %.

In addition, Tysons Corner, a Virginia -based company, has doubled more than its share price, largely unstable of the basics of basic institutional program revenues.

On the contrary, Gamestop’s basics deteriorate. Q1 2025 The revenues decreased by 17 %, and the company closed more than 400 stores. The younger and smaller retail sector helped achieve a net profit of $ 44.8 million in the first quarter, but the long -term growth direction is still negative. This makes the Bitcoin axis look like vision and more like gambling.

Market reactions are still tense. GME shares decreased by 20 % after the announcement of the initial conversion observation in June, barely a month after the first bitcoin was acquired. Unlike MSTR, which was historically circulated with an average of BTC Holdings, GME was then built the investor’s confidence.

Making or breaking: Bitcoin price

The success of the strategy relied on the operation of Bitcoin’s Bull. The average cost of the average cost of $ 70,681 for its current price is $ 107,798 from BTC means that it will not give great gains. However, Gamestop entered the race when Bitcoin was trading over $ 108,000 in May, and he left almost no margin of error.

Worse, Gamestop is of $ 1.48 billion of long -term debt, for each Q1 file, requires continuous access to the market. If Bitcoin focuses or decreases, the company may face a liquidity crisis, something that has been avoided strategy through the front gathering of 2021 and 2024.