Gamestop buys bitcoin because he tries to recover its importance – Tradingview News

Gamestop, a non -relevant retail child, Gamestop, is betting on Bitcoin to raise his public budget level – and perhaps his entire brand.

The game ended for a pulp. Will it be Gamestop?

Do you remember the bad smell? Of course not – you are now. Then there was a DVD-By-Dy disk era from Netflix, which was not ended with a noise but a quiet charging mark. This was yesterday’s mighty, and it fell by technology and the inability to develop. It seems that Gamestop, who has long been mocked in the following line of the corporate cemetery, has read writing on the wall – and unlike her alternative cousins, she tries something different. Digital Something. Something … no central.

Yes, Gamestop buys bitcoin.

Apparently in an endless crisis, the retailer of the video game announced that it will allocate part of his cash reserves in Bitcoin, and to effectively adopt an encrypted currency as the origin of the treasury reserves. It is a bold step, one is more common in the management rooms in the Silicon Valley or in the Illon Musk summary on Twitter more than the experimental center at the shopping center in America. The company did not talk about encryption. Walking. Gamestop says it intends to keep bitcoin in the long run and may increase its location over time. This step is placed in the same league as Tesla and Microstrategy – Well, and perhaps the same game is the game.

Not their first Rodio

Gamestop is not completely new in Market Chaos. His shares became the face of the madness of stocks in 2021, when he fired retail traders from Wallstreeetbets from Reddit in Straosfir as part of a short revolution against institutional investors. For many, this was the last time that Gamestop felt relevant – not to sell games, but to flip the financial scenario.

Therefore, somehow, Bitcoin feels the next natural chapter in Gamestop’s development. If you cannot overcome Wall Street in her own game, why don’t you invent a new one on Blockchain?

Moreover, Gamestop was heading towards a broader technical transformation for a period of time. She previously covered her toes in NFTS and rented the old and Chewy e -commerce warriors. Now, by placing Bitcoin on his books, she tries to point out that she only plays the game – she is trying to change it.

Holding company with side bustle?

The addition of Bitcoin to the company’s public budget is no longer the dream of fever it was once. I did so. Square (now block) I did so. Microstrategy did it hard, it is basically a bitcoin holding company with side bustle in the software.

But this is not without risks. Bitcoin is famously volatile, and critics claim that its use as a reserve of the Ministry of Treasury is a stable as building a house on volcanic lava. However, in a world where the Fiat currencies are dwindling under inflation and central banking glutches, digital assets are known with companies looking for valuable alternative stores.

Gamestop’s profits were not noticeable. The company recorded net sales of $ 1.79 billion, a 19 % decrease from the previous year, and lost Wall Street’s expectations – you can find the deposit here. So, yes – Pitcoin may also be a distraction. Or, more tolerance, as a dark leader Mary.

One last president battle for Gamestop?

Despite all laughs, the Gamestop step is more than just Mimi feed. It reflects the transformation of a real strategy. The retail seller tries to survive in a world that does not need disk-or-disk-dependent video games. Although the coding axis will not define its basic challenges overnight, it buys Gamestop something that he had not long had: attention.