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GameStop Goes Crypto—Stock Rallies on Bitcoin Investment News

  • GameStop surged 12% after announcing plans to invest cash and future debt into Bitcoin.
  • Despite a 28% revenue drop in Q4, investor enthusiasm remained strong due to GameStop's bold crypto strategy shift.
  • GameStop joins other companies in turning to Bitcoin for its financial strategy, following the likes of Tesla, Block, Riot Platforms, and Coinbase.
  • While GameStop's crypto move signals a shift in the retail industry, the company still faces challenges with declining game sales and adapting to the digital landscape.

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