GameStop is making big moves. The video game retailer reported a narrower loss for Q2, and it’s all thanks to a bold new Bitcoin strategy.
While revenue still dipped a bit, the company’s holdings of 4710 $BTC gave its balance sheet a massive boost with a valuation of over half a billion dollars. This is a shift in how GameStop operates.
Under Chairman Ryan Cohen, the company is reshaping its entire financial playbook. They’ve sold off international units and raised cash through a big bond sale.
Now they’re joining a small yet growing club of publicly traded companies that have diversified into digital assets.
GameStop announced a unique dividend in the form of warrants to reward investors and strengthen its position. For every 10 shares of GME stock, an investor will receive one warrant.
Each warrant allows the holder to purchase one share of common stock for $32 at any time until the warrants expire on October 30, 2026.
With the current price being around $23.59,
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