GameStop Stock Pops With Bitcoin Now Part of Its Investment Policy
Portfolio Pulse from
GameStop announced the addition of Bitcoin to its corporate investment policy, leading to a 14% stock price increase. The company reported declining revenue but improving profits through cost-cutting measures. Wedbush analysts remain cautious, raising their price target to $11.50 while maintaining an 'underperform' rating.
March 26, 2025 | 5:00 pm
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NEUTRAL IMPACT
GameStop's Bitcoin strategy follows a meeting between CEO Ryan Cohen and Michael Saylor, co-founder of MicroStrategy, which is known for its significant Bitcoin holdings.
While MicroStrategy is mentioned, the direct impact on its stock is minimal and speculative based on this news.
CONFIDENCE 60
IMPORTANCE 40
RELEVANCE 30
POSITIVE IMPACT
GameStop's decision to include Bitcoin in its corporate investment policy has driven a 14% stock price increase, signaling potential strategic shifts in the company's financial approach.
The addition of Bitcoin to the investment policy and the positive market reaction suggest potential for increased investor interest and stock price momentum.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100