Gamestop Bets on Bitcoin: A collection of $ 1.5 billion

The American giant for retail video games Gamestop It takes an important step to the world of encrypted currencies, announcing its intention to invest Bitcoin (BTC) After completing the success of a large financial process. A step that represents a turning point in the identity of the company and can redefine the future of the institution, which has long been the focus of the attention of retailers.

Gamestop: Bitcoin donations to purchase Bitcoin

Gamestop recently closed a version Five -year transfer bonds At a total value of $ 1.3 billionWhich was added to the full activation of the “Greenshoe” option for 200 million dollars. This option, granted to the first subscriber, allows the purchase of additional securities after the main position, which reaches the total of $ 1.5 billion.

According to the documents submitted on Monday at the end of the American markets, Clear returnsNet expenses, to nearly $ 1.48 billionIt is a number that the company intends to allocate, at least partially, to buy Bitcoin.

Bitcoin interferes with the public budget for companies in Gamestop

The new course led Ryan CohenGamestop CEO, now it seems decisively aiming at a strategy Diversify corporate reserves. Support this vision, the company got the full The approval of the Board of Directors To update its investment policy, including officially Bitcoin in the public budget.

This announcement occurred in conjunction with the publication of the financial results for the fourth quarter, a sign that Gamestop wanted to convey to the market a renewed hardness and head towards the solutions that were considered in the introduction in the current economic scene.

Is Gamestop inspired by Tesla?

The decision of the historical video game chain of what happened in the recent past is mentioned with companies like Tesla and StrategyThat turned a large part of Liquid reserves in Bitcoin ((BTC))Bet on the long -term capabilities of the encrypted currency as a value store.

This strategy, although it is not without risks, follows a logic Protection against inflation It seeks to return superior to traditional tools. For a company like Gamestop, strongly associated with the retail market and with a brand followed by a close community online, the main role in the digital transformation of financing also represents an actually cohesion towards its fans.

Perfect time?

The initiative comes at a time Bitcoin fluctuates about 84,900 dollarsIt remains at high levels after months of consistent height. Although Gamestop has not officially confirmed whether it has already started purchases, the amount collected indicates that the investment cycle may start soon, if not already ongoing.

Meanwhile, GME The stock reaction was positive to the news. At the end of the day, the stock recorded a height 1.35 %With another 0.8 % increase in Post -sale. An indication that investors seem to be rewarded for the new strategic direction that the company has taken.

Model

Gamestop issue is not just a financial investment: it is a sign a Deeper. After enjoying attention in the first months of 2021 thanks to the “Meme Stock” phenomenon and support for retail investors on Reddit, the company has struggled to redefine its business model in a digital game market and is increasingly increasing.

As he entered the cryptocurrency sector, Gamestop is now trying to put himself in more than one just Vanguard and decentralization Technological and financial context. A step consistent with the company’s previous attempts to deal with the Blockchain world, such as the experience, which is now shrinking, in Nft slice.

A look at the future

The process represents $ 1.5 billion, now available for Bitcoin’s purchase, a possible turning point for Gamestop. The results of the bet are largely dependent on the performance of the cryptocurrency known for its fluctuation, but also on the event that the company will be able to integrate this asset category into its wider strategy.

CEO Ryan Cohen, who is already a supporter of a fundamental change in governance and internal culture of the company, again shows his focus on unconventional options, which can make Gamestop A. Unconventional In the global financial environmental system.

In the constantly changing sector, the ability to re -invention itself is the key to survival. Gamestop appears again, determined not to stay in yesterday’s game.