GameStop Plummets After Dropping Half-Billion on Bitcoin—Traders Shrug ’Just a Dip’
Wall Street’s favorite meme stock just made its wildest bet yet—and shareholders aren’t laughing. GameStop’s stock nosedived following its $512 million crypto splurge, proving even die-hard bulls flinch at volatility.
When hodling meets brick-and-mortar: The gaming retailer’s Bitcoin treasury move backfired instantly, with analysts questioning if management confused ’digital gold’ with actual revenue streams. Meanwhile, crypto Twitter celebrated the dip as a buying opportunity—because nothing fuels adoption like a good old-fashioned panic sell.
One hedge fund manager quipped: ’At least they didn’t buy NFTs this time.’ The market’s verdict? A brutal reminder that corporate crypto bets remain high-risk theater—even for companies accustomed to riding gamma squeezes.
