US EditionGameStop Stock Falls Over 5% — What's Going On? - GameStop (NYSE:GME)
- On Tuesday, GameStop Corp. shares fell, retreating from recent gains as profit-taking prompted a pullback, Benzinga Pro reported.
- On Monday, insider purchases and endorsements pushed GME sharply higher, with CEO Ryan Cohen buying one million shares last week, raising his stake to roughly 42.1 million shares or 9.3%.
- Last week, blockchain records showed GameStop moved its 4,710 bitcoin stash worth about $368 million to Coinbase Prime; the company holds $9 billion in assets as investors eye the March 24 report.
- Cryptic comments from Fox Business host Charles Payne intensified speculation after he canceled a Monday interview with Cohen, saying the CEO is `working on something monumental` and hopes to share news soon.
- CEO Ryan Cohen said the firm seeks a very large public consumer company to acquire, aiming to use GameStop's capital and governance to improve efficiency and possibly end its bitcoin holdings.
16 Articles
16 Articles
Michael Burry Betting GameStop (GME) Will Level Up
Quick Read Michael Burry surprised many by taking a long position in GameStop, a company widely known as a meme stock, citing confidence in Ryan Cohen’s leadership and the company’s long-term potential. Despite Burry’s endorsement, our 24/7 Wall St. Analysts remain skeptical as the stock still carries speculative volatility and uncertainty about the retail side of the business. Are you ahead, or behind on retirement? SmartAsset's free tool ca…
GameStop Poised to Dump Bitcoin Holdings at Loss to Finance Ambitious Acquisition Strategy
GameStop appears ready to abandon its brief cryptocurrency experiment, with onchain data suggesting the video game retailer has positioned its entire Bitcoin holdings for sale as CEO Ryan Cohen pursues what he describes as a "very, very, very big" acquisition in the consumer sector.Blockchain analytics firm CryptoQuant reported in late January that GameStop transferred all 4,710 BTC from its on-chain wallets to Coinbase Prime, a move typically a…
GameStop CEO Ryan Cohen Pivots Focus From Bitcoin to Consumer Megadeal More Stories ETHNews
GameStop CEO Ryan Cohen is reportedly shifting strategic focus away from Bitcoin toward what he describes as a “transformational” consumer megadeal, according to a series of interviews conducted in late January and early February 2026. Cohen characterized the new strategy as “way more compelling than bitcoin,” signaling a potential reprioritization of capital as the company evaluates a large-scale acquisition in the consumer or retail sector. A …
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