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117 sats \ 2 replies \ @Cje95 27 Mar \ on: GameStop stock tumbles 23% after announcing plans to buy $1.3 B worth of Bitcoin Stacker_Stocks
It was a pretty wild move to say we need to raise $1.3 billion to buy BTC but also we are going to close a bunch of stores... I get store closure but to pair it with raising money for BTC is a pretty big stretch.... Esp. that dollar amount
I feel like every company's exit strategy is going to be, "Let's see if we can drum up a meme and then dump as much of our bags on retail as we can."