GameStop Bets Big on Bitcoin—Will Earnings Prove It’s More Than Just a Meme?

GameStop’s pivot to crypto faces its first real reckoning as earnings drop. The retail-trader darling shoved chips into Bitcoin—now Wall Street demands proof it wasn’t just another hype cycle cash grab.

The Crypto Pivot: Genius or Desperation?

After bleeding traditional revenue streams, GameStop’s blockchain gamble screams 'Hail Mary.' Analysts eye whether those digital asset plays moved the needle—or if this is just another NFT flop waiting to happen.

Wall Street’s Verdict Looms

Short sellers smell blood. If the numbers don’t show crypto-driven growth, expect the usual suspects to declare 'told you so' between sips of their $28 artisanal coffees. Meanwhile, retail traders brace for another volatility rollercoaster.

GameStop either just rewrote the playbook—or doubled down on a meme stock mirage. Earnings call starts in 5… place your bets.

GME stock price analysis

The daily chart shows that the GME share price has retreated since it started implementing its Bitcoin strategy. 

It moved from $35 in May to $29.58. This price is inside the ascending channel connecting the highest and lowest swings since May last year. 

The stock remains above the 50-day and 100-day moving averages, a bullish thing. 

GME stock’s outlook is neutral ahead of its first quarter fiscal 2025 results, set to be released after the market closes on Tuesday, June 10.

The key levels to watch will be the psychological point at $20 and the resistance point at $35.78.