<ul><li>GameStop's market capitalization dropped by nearly $3 billion as investors questioned the company's plan to stockpile Bitcoin.</li><li>On March 26, GameStop announced its intention to use proceeds from a $1.3 billion debt offering to buy Bitcoin.</li><li>Initially, investors reacted positively to the news, boosting GameStop's shares by 12%. However, sentiment reversed on March 27, leading to a 24% decline in the stock value.</li><li>The market response reflects concerns about GameStop's underlying business model and a more bearish outlook on Bitcoin amid macroeconomic instability.</li></ul>

GameStop wipes out $3B in market cap as stockholders question Bitcoin plan

Discover more