Video game retailer GameStop Corporation (NYSE:GME) could continue upwards momentum with a strong first-quarter financial report Tuesday after market close. Here's a look at the analyst estimates and key items to watch.
GameStop shares see heightened volatility, trending online ahead of Tuesday's quarterly earnings report. A new Bitcoin strategy and excitement around the Nintendo Switch 2 are fueling sentiment.
According to several experts in the sector, Bitcoin ETFs and cryptocurrency-related ETFs have made significant progress since launching in January 2024 and setting inflow records.
GameStop shares climbed with Nintendo Switch 2 excitement. Upcoming earnings and large Bitcoin holdings have investors watching if its rally continues.
According to Wedbush analyst Michael Pachter, while Strategy’s stock is currently trading at approximately 1.75 times the value of its Bitcoin holdings, GameStop is trading at around 2.4 times its cash value.
Matt Cole, CEO of Strive Asset Management, publicly called on tech behemoth Meta Platforms Inc. (NASDAQ:META) on Wednesday to buy Bitcoin (CRYPTO: BTC) for its balance sheet.
As Bitcoin (CRYPTO: BTC) keeps climbing, some public companies aren't just watching from the sidelines – they're quietly raking in billions just by holding it.
GameStop's switch to Bitcoin investing is a bold move that could pay off in the long run, but it comes with significant risks for investors and the stock price
After a sharp Tuesday rally fueled by optimism over improved U.S.-EU trade ties, Wall Street stalled midweek as rising Treasury yields reasserted pressure ahead of Nvidia Corp.
Shares of video game retailer GameStop (NYSE:GME)
fell 11.4% in the morning session after the company announced its first purchase of Bitcoin (4,710 Bitcoin) valued at more than $500m. The purchase was announced on a day when crypto assets were losing momentum.
