
cbspears ◉ (April 11-12 👉 opnext.dev)|Mar 29, 2025 14:02
GameStop is raising 1.3 billion in convertible notes to potentially buy Bitcoin.
With @gamestop’s revenue dropping from 8.5B to 3.8B over eight years, is @ryancohen’s @saylor play a smart pivot or just vibe investing?
Notes:
- GameStop announces 1.3B convertible note offering
- Revenue declined from 8.5B to 3.8B in 8 years
- Company has 4.76B cash on balance sheet
- Cash position largely from 2021 meme stock frenzy
- Zero debt after paying off all loans
- Saylor posted photo with Ryan Cohen: "Team Bitcoin"
Timestamps:
00:00 Start
00:28 GameStop enters the chat
02:05 GME be buying
07:58 Roaring Kitty Redux
10:43 Financials
13:25 Arch
13:56 Business evolution
20:14 Volatility trade
25:28 Not a crazy pivot
30:22 BTC makes an honest market or not...
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