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GameStop (GME) Down Bad After Bitcoin News — Here’s The Catch
- GameStop (GME) suffered a sharp 25% drop following the decision to establish a Bitcoin treasury.
- GameStop's initial rally after the Bitcoin announcement has been reversed.
- The drop in GameStop's stock price is attributed to convertible arbitrage strategy and shorting by institutions.
- Several analysts believe that the price dip could present a buying opportunity for traders.
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