GameStop Bets Big—Drops $500M on Bitcoin in Bold Crypto Pivot
Wall Street’s favorite meme-stock rebel just doubled down on digital gold. GameStop—yes, the same company that turned ’apes strong together’ into a financial war cry—just allocated over half a billion dollars to Bitcoin. Talk about a plot twist.
Why now? The gaming retailer turned market disruptor isn’t saying. But with traditional finance still clutching its pearls over crypto volatility, this move feels like a middle finger to the old guard. (Cue hedge fund managers frantically recalculating their ’blockchain is a fad’ PowerPoints.)
One thing’s clear: when a company that redefined shareholder activism starts parking cash in decentralized assets, even the skeptics pay attention. Just don’t expect Jamie Dimon to update his ’Bitcoin is worthless’ hot takes anytime soon—some dinosaurs still think dial-up was peak innovation.