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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."
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66 sats \ 0 replies \ @Cje95 27 Mar
GameStop did show it could be done..... Still confused though by this move just because well their first foray into "crypto" with NFTs blew up and cost them a few billion if I am remembering correctly.... Stock holders arnt going to forget that...
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