GameStop is closing a ‘significant number’ of stores and will invest heavily in bitcoin
- GameStop's board has unanimously approved a plan to invest in bitcoin, following a strategy pioneered by MicroStrategy.
- GameStop announced it will close a 'significant number' of additional locations, although the specific stores have not been identified for closure.
- GameStop has closed hundreds of stores in recent years due to customers' changing habits toward online game buying and streaming.
- The transition to bitcoin serves as a defense against becoming irrelevant in the market.
192 Articles
192 Articles
What happens to unused gift cards when a business closes?
With so many companies filing for bankruptcy recently, and some even closing for good, you might wonder what happens to any gift cards or unused services you have. Forever 21, Party City, and Joann Fabrics are just a few of the stores that have gone out of business in recent months. But retailers aren’t the only ones feeling the impact...
Associated Press News
GameStop slumps as its plan to sell debt to fund bitcoin purchases raises some questions
GameStop shares plunged Thursday after the company's plans to sell debt to fund purchases of bitcoin raised some questions on Wall Street.
GameStop Closing Down "Significant Number" of Stores
A sight many gamers will see less often Video game retailer GameStop has decided to close down a “significant number” of its 3200 stores across the United States, Canada, Australia, and Europe. The company has been struggling to keep the lights on for quite some time, with its decline in performance being noted as early as 2010. In the past couple of years, the brand went through a short squeeze, which was triggered by Reddit users and caused a …
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