GameStop Stock Soars on Bitcoin Investment Strategy and Store Closures

GameStop's stock surged Wednesday despite plunging revenue after the retailer announced plans to invest in bitcoin and close more stores. Why it matters: One of the OG memestocks, GameStop is trying to tap into a community of true believers in the future … . GameStop said Tuesday that "its board has unanimously approved an … ." Zoom in: To acquire bitcoin, … . The impact: GameStop shares were … . Go deeper: For news and insights … .

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