cbspears ◉ (April 11-12 👉 opnext.dev)
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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