Gamestop announced proposed private offering of $1.75 billion worth of convertible senior notes.
But the mother of all short squeezes is coming any day now, for sure.
https://investor.gamestop.com/news-releases...
GameStop
GME
trading on NYSE
since 2002
$22.30
(Δ -0.71%)
-$0.16 since open
GameStop is a specialty retailer that primarily sells new and pre-owned video games, consoles, and accessories, along with a growing assortment of pop culture collectibles and consumer electronics, through its physical stores and e-commerce platforms.
| type | open | high | low |
market cap |
volume |
|---|---|---|---|---|---|
| stock | $22.35 | $23.34 | $22.30 | $10.04B | 13.75M |
| eps | p/e | p/s |
operating margin |
profit margin |
yield |
| +$0.10 | 2230.00 | 15.16 | -1.47% | 6.12% | 6.82% |
https://investor.gamestop.com/news-releases...
Buckle up buckaroos, because Gamestop has just dropped yet another bombshell. GME has announced they've bought up a whopping 4710 bitcoins (worth about $300 million) as a sort of strategic investment. I could probably come up with some betters ways to blow a third of a billion dollars, but whatever.