key takeaways
- According to Billionaire Bill Gross, gamestop is not the meme that used to be.
- The company has recently plated 4,710 BTC, and its share price has begun to mirror the price motors of bitcoin.
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Veteran investor Bill Gross Gross Gamestop (GME) is shedding its meme stock routes and now “Mimic bitcoin”.
“Bond King” told Business Insider that the gamestop is “mucus cum vote” and no longer behaves like a meme stock, then he is still a good candidate to “sell Opian.”
For gross, gamestop is made in a pattern Simila for bitcoin. The stock rose at the end of 2024, drowned in spring 2025, and then changed to May.
It has traded between $ 20 and $ 35 in the last 12 months, starting its wild swings from $ 1 in the summer of 2020 at the Intrade peak of $ 121 in January 2021.
The gamestop reached a high level of 12 months above $ 35 in May, exactly one day before the company disclosed its first bitcoin paper. The price of 4,710 BTC Stash of gamestop is now around $ 539 million.
Stock has sinned; It is approximately $ 23 on Wednesday, according to Yahoo finance data, 27% year-to-year.
Gross said that he is clarifying new meme stocks such as American Eagle, earning a profit from shortening the gamestop and AMC Dungar of 2021 trading French. The American Eagle recently gained the status of Mem Stock after Sydney Sweeny, which filled the retail buzz.
He did not do so that retail traders are focusing on technical legends Microsoft and Meta, which are up to 30% and 25% this year, with responsibility, due to artificial integrity, exercise.
Gamestop plans more bitcoin investment and can accept crypto for trading cards
The gamestop, holding more than $ 9 billion in cash and marketingable securities, intends to continue investing in bitcoins and other digital assets.
However, unlike the strategy, the first bitcoin’s largest corporate holder, known as Micostrategi, and Oatthers, video game retailer is following his oven playbook.
CEO Ryan Cohen had earlier said that when the risk-reward blons is strange, the company would be selectively attractive. Cohen also discuses for the ability to pay crypto for trading cards, which is dependent on customers’ interest.
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