GameStop Could Start 'Biggest Bitcoin Adoption Story Of The Year' With This Move, Trader Suggests
Portfolio Pulse from Khyathi Dalal
A crypto trader suggested that GameStop (NYSE:GME) could benefit from adopting a Bitcoin standard by raising over $5 billion through share issuance and converting it into Bitcoin. This move could increase demand for GameStop’s stock and expand its base of Bitcoin holders, potentially making it the biggest Bitcoin adoption story of the year.
June 10, 2024 | 6:06 pm
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GameStop could significantly benefit from adopting a Bitcoin standard by raising over $5 billion through share issuance and converting it into Bitcoin. This move could increase demand for GameStop’s stock and expand its base of Bitcoin holders.
The suggestion to adopt a Bitcoin standard and raise significant capital could attract new investors and increase demand for GameStop’s stock. The move aligns with GameStop's efforts to pivot towards digital and blockchain technologies, potentially boosting its market position.
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