
GameStop Buys Bitcoin, Boosts Market Confidence
In a notable development, GameStop’s board has announced the addition of Bitcoin to its reserves, prompting CEO Ryan Cohen to enhance his stake in the company. Cohen made headlines by acquiring 500,000 Class A shares priced at $21.55 each, totaling approximately $10.78 million. This move escalates his ownership to 8.4% of GameStop. What Were the…