{"id":47039,"date":"2025-02-10T17:14:52","date_gmt":"2025-02-10T17:14:52","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/is-gamestop-gearing-up-for-a-bitcoin-shift-like-microstrategy\/"},"modified":"2025-02-10T17:14:52","modified_gmt":"2025-02-10T17:14:52","slug":"is-gamestop-gearing-up-for-a-bitcoin-shift-like-microstrategy","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/is-gamestop-gearing-up-for-a-bitcoin-shift-like-microstrategy\/","title":{"rendered":"Is GameStop gearing up for a Bitcoin shift like MicroStrategy?"},"content":{"rendered":"

(Originally posted on : Invezz )<\/b>
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GameStop Corp (NYSE: GME) chief executive Ryan Cohen shared a picture with MicroStrategy Inc\u2019s (NASDAQ: MSTR) chairman Michael Saylor on Sunday. <\/p>\n

Shares of both companies are inching up today.<\/p>\n

Investors are responding positively to the news as they\u2019re reading it as a hint that GameStop may be considering changing its strategy to focus on the world\u2019s largest cryptocurrency \u2013 Bitcoin.<\/p>\n

A similar shift from MicroStrategy in 2020 has proven rather lucrative for the business intelligence firm in recent years. Its shares have delivered nearly a 25-fold return over the past four years.<\/p>\n

GameStop stock, on the other hand, has lost close to 70% during the same period.    <\/p>\n

Does GME have experience with crypto?<\/h2>\n

If GameStop indeed shifts its focus to Bitcoin, it won\u2019t be the first time for it to dip its toe in crypto.<\/p>\n

The gaming merchandise retailer had previously introduced crypto wallets \u2013 a service that was later shut down due to regulatory uncertainty<\/a>.<\/p>\n

Cohen\u2019s appointment to GameStop in 2021 was well-received as investors thought his experience with e-commerce could help modernize the conventional retailer and help it remain relevant amidst the changing habits of gamers.<\/p>\n

However, GME shares continue to struggle to date apart from short-lived rallies known more broadly as the meme stock phenomenon.<\/p>\n

MSTR has outperformed Bitcoin since 2020<\/h2>\n

Much like GameStop stock, MicroStrategy Inc, or the bitcoin proxy that recently changed its name to \u201cStrategy\u201d, is also popular among retail investors.<\/p>\n

Since 2020, the Nasdaq listed firm has accumulated about $47 billion worth of BTC. So, a significant portion of its value is now tied to its Bitcoin holdings.<\/p>\n

In fact, the company\u2019s BTC strategy has enabled its stock to rally from $14 only at the start of the pandemic to $334 at writing \u2013 a 25x return that outdoes Bitcoin at about 10x return during the same period.<\/p>\n

Still, MSTR shares are much more affordable than Bitcoin at $100,000 at writing.<\/p>\n

Strategy loaded up on BTC last week<\/h2>\n

Also on Monday, MicroStrategy said it sold more than half-a-million of its common shares last week to generate about $179 million in net proceeds.<\/p>\n

Additionally, the company resorted to a public offering of its preferred stock to raise another $563 million after deductions. <\/p>\n

MSTR used all these funds to load up on 7,533 bitcoins between February 3rd<\/sup> and February 9th<\/sup> at an average BTC price of $97,255.<\/p>\n

Note that Strategy\u2019s exposure to the world\u2019s largest crypto has made it equally popular among analysts as well. <\/p>\n

In a recent report, investment firm KBW told client that MicroStrategy stock could climb further to $560<\/a> that translates to about a 75% upside from current levels.<\/p>\n

That said, MSTR shares do not currently pay a dividend. So, they remain rather unattractive for investors in search of an additional means of passive income.<\/p>\n

The post Is GameStop gearing up for a Bitcoin shift like MicroStrategy?<\/a> appeared first on Invezz<\/a><\/p>\n

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(Originally posted on : Invezz ) GameStop Corp (NYSE: GME) chief executive Ryan Cohen shared a picture with MicroStrategy Inc\u2019s (NASDAQ: MSTR) chairman Michael Saylor on Sunday. Shares of both companies are inching up today. Investors are responding positively to the news as they\u2019re reading it as a hint that GameStop may be considering changing […]<\/p>\n","protected":false},"author":30,"featured_media":47040,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[38],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/47039"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/30"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=47039"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/47039\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/47040"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=47039"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=47039"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=47039"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}