<ul data-eligibleForWebStory="true"><li>GameStop's stock dropped by 21% following its Bitcoin acquisition and capital fundraising announcement.</li><li>In late May, GameStop invested $513 million to purchase 4,710 BTC, becoming one of the top public Bitcoin holders.</li><li>Uncertainty arose when GameStop disclosed plans to raise $1.75 billion through convertible notes with no clarity on Bitcoin expansion or operational support.</li><li>The lack of transparency led to a 6% immediate drop in shares, further fueled by continued selling pressure.</li><li>Despite the potential bullish impact of adopting crypto strategies, GameStop's Bitcoin narrative failed to support its stock.</li><li>GameStop's Q1 2025 earnings of $732.4 million marked a 17% decline from the previous year's $881.8 million, missing analyst predictions.</li><li>The earnings disappointment, combined with uncertainty regarding the use of the raised funds, has intensified shareholder apprehension.</li></ul>

GameStop Sinks 21% Amid Bitcoin Holdings and Fundraising Plan

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