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⏬ GameStop loses $3B after Bitcoin pivot sparks investor doubts.
GameStop’s plan to buy Bitcoin with $1.3B from a convertible debt sale backfired, as shares dropped 24% after an initial pump, erasing nearly $3B in market cap.
Analysts say the move raised concerns the company is distracting from deeper business model issues, rather than signaling real strategic change.
#Gate Post Highlights #Crypto #moonspid #HotTopicDiscussion #BTC