GME

coinfeeds-bot

tldr; GameStop (GME) shares dropped 21% after the company announced a proposed $1.75 billion convertible bond offering, with an option for an additional $250 million. The funds are intended for general purposes, including potential investments and acquisitions, which could include purchasing more Bitcoin (BTC). This aligns with GameStop's recent move to acquire 4,710 BTC. The stock is currently trading at $22.49 following the announcement. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

AffectionatePeak9085

There is a github commit that proves that GME will be using LRC hahaha That was one of the tamer scams of 2021

Harucifer

>Loopring LMAOOOOOOOOOOOOOOOOOOOOOO I completely forgot about this dogshit coin that people were bundling up as a "GME related" project.

Dassab3ss0

For everyone except GME lol

EstablishmentSharp81

I would be all in if it wasnt for GME. Im 50/50 in BTC and GME. Planning to sell my GME at some point and then going all in on BTC.

zirouk

I mean, it could be, if we GME it.

flytonewyork

You should check out r/spx6900, it’s like a GME/occupy Wall Street spirit where the mission of the rabid community is to flip the stock market. Super active on X and Wall Street can’t turn off the buy button. 

airbrat

Cries in GME

Audere-est-Facere8

that’s true. our biggest win here - GME let out the best kept secret with retail investors and the influx of scammers flooded things here.

Broker-than-you

GME fast

pcs33

Cant be related to GME earnings on tuesday, right?……right?? 😳😳

urbangoose

I'm pretty neutral on this At one hand, I don't want too much regulation overhead and I do believe the better projects will survive in the end. I know Ethereum has been shat on the past 4 years by the community, but it's 'surviving'. It's done better than 99% of other coins since the 2021 peak. It's just Bitcoin has far surpassed any other coin these 4 past years. And on the other hand, if people want to gamble and lose money, they will do it (and let them do it) - crypto or not. Current trend tells me that it's more than crypto. The likes of DraftKing and Polymarket becoming enormous is because retail traders are willing to play the game. And, even if you take away the meme coins, DraftKing, and Polymarket, etc., there's still TSLA, GME, AMC, and even SPY 0DTE options. Yea, pump fun theatrics is crazy. But coins come and go. Some reach the moon before they go, some don't. I was looking back at top 10 coins of 2016 the other day. Dash, Maid, Xem, Steem.. were all considered the 'best crypto projects' that year. I doubt anyone prior to Covid even heard of those coins.. No, they weren't meme coins but the bad apples, it's all the same. They come and go.

crinr

Missing GME

6Vinatieri

Srry but we're missing both GME & covid stimulus

optimus_primal-rage

I asked my employer to pay me in bitcoin and they said they can't for tax purposes. Industrial robotics and controls programmer and more for hire. Also a hobby jewler willing to make artistic pieces for bitcoin... ... I have such a hard time making anyone pay me in bitcoin I just use it as savings for now. That and mstr shares and a bunch of GME. One day.

TroubleInMyMind

RH doesn't give a fuck if you day trade on cash settled. People who hate RH bought the top of GME and couldn't sell. Also hilarious that HOOD out performed most alts this year.

A_Birde

Its a stupid term GME people invented to be the victim, hes more just talking about another wallet that James uses that isn't public knowledge.

Teekay_four-two-one

He also has helped fuelled institutional buying of GME, which lends to the legitimacy of the asset in terms of its use by big money. I do think he/microstrategy will be the black swan of the next bear market, though. Prices will come down and one day they will eclipse his ability to hold BTC and I can see cascading losses if BTC doesn’t find huge support somewhere. Saylor is leveraging more than just the family farm on BTC, and it could be the greatest decision ever or it could end in disaster. We’ll see!

Parking_Locksmith_23

Actually if you look at the 5 year chart for GME it is out performing BTC by close to over 1000% BUT NO ONE WANTS YOU TO KNOW THIS

Mother-Chipmunk2778

Don’t think it’s the btc purchase but that they’re trying to copy MSTR and it just shows extreme weakness in their core business. And copying MSTR now is way too late in the game. Thats what investors didn’t like. Also GME dumps what else is new lol

Bigglesworth85

GME bought at $108k

StopTheVok

# Why does $HP exist? Note: **$HP** or **Heartfelt Points** are officially called "$PODCAST" on chain. In the distant future, everyone and everything will have their own currency - especially as universal currencies become less relevant in a post abundance post-AGI society. But let's not get ahead of ourselves... Today, $HP and other coins like it exist as a decentralized economic system. **Consider coins as the literal opposite of centralizing equity where only owners see value capture**. **Coins like $HP are a way for consumers to capture value through emergent socioeconomic forces that drive currency prices - not the cash flow or performance of an enterprise.** Think of it like "meme stocks." Stocks like GME go up not because of the business, but because the people want it to go up. **Coins like $HP are the same, but without equity.** With coins, the people decide how valuable a coin is - not the business. This is the quintessential beauty of "Internet Capital Markets." Beware any one who tries to convince you coins are like equity. They're not and they never should be. # A world without coins like $HP Note: **$HP** or **Heartfelt Points** are officially called "$PODCAST" on chain. **Wealth inequality continues grow because income-tax-evading instruments like equity ensure value accumulates in the hands the rich and the few.** Conventionalists will say this is how it should be, but consider the following: There are two types of believers in a hypothetical company called Apple. Some are rich, with lots of money, and they provide $100M in equity financing to Apple. In exchange, they now own trillions of dollars of wealth. Others are not as well off, but they, too, believe in Apple. Perhaps they believe even more in Apple than the rich did. They invested more than they should have for a laptop or iPad so their child could have a bright future. Since 1977, consumers - believers - have invested nearly $4 trillion in Apple. **What do the people, the masses, the poor believers have despite putting in 40,000x more money than the rich?** **They have nothing. Equity has never promised to be an equitable system and it never will be.**

kwijibokwijibo

1), 2) and 3) Investors didn't like it. For good reason. Because if they want to invest in BTC, they can do it elsewhere. Investors choose to invest in GME because they're supposed to be doing other stuff - not buy and hold Whatever they are cooking up in secret, this is what investors see, and they didn't like it Whether or not you agree with it, this is what the market decided

rotetiger

Again, I don't disagree with your comment. But 1. adding Bitcoin to the balance sheet can attract new investors 2. it can be an asset if inflation kills the dollar. 3. It might be an interesting investment opportunity. We don't really know what they develop at GME. They seem to be quite conservative in their announcements. So not sure if it's really a lack of idea, could also be that they wait for the right time.

veron1964

That’s a power play! Bullish on $GME!

kwijibokwijibo

GME generally performed fine when it first announced its whole NFT marketplace idea and collaboration with LRC, etc. Outright BTC purchases are worrying because there's no innovation - it shows a lack of ideas MSTR gets away with it because they chose to make it their main business. GME never planned to be a buy and hold BTC whale

kwijibokwijibo

You don't need to buy any BTC to enable this Buying BTC is just trying to copy MSTR. Investors are worried about GME becoming a cheap MSTR knockoff

MinimalistMindset35

I don’t like how Ryan discussed GME Bitcoin purchase. If you watch his interview from yesterday it’s clear he doesn’t understand Bitcoin. Also, GME raised over 1 billion and made a small purchase and didn’t disclose their cost basis. I’m not a fool, I will not buy any GME because they aren’t a Bitcoin Treasury company. That’s why the market dumped when they announced, real Bitcoiners saw through the bullshit

Nagemasu

most of those subs are bots. Look at the subscriber counts and active user counts, then look at how highly upvoted and commented on the posts are. mostly bots. Same as this thread, far more comments than it should have for a post with this many points. It's the GME subs piling in to pretend this is great news as if it fucking matters to anyone except them. BTC holders literally do not care if GME buys, but GME cares.

Nagemasu

> And a comparatively huge number of household investors directly registered their shares lol, y'all really think most of those haven't been sold huh. RC is a right wing muppet and has played all the GME holders the whole time. Most of the superstonk sub is bots and the people left are bagholders and delusional - this post alone has double the amount of comments:points ratio than it should for this sub, it's being brigaded. "please trust me bro, MOASS tomorrow. I know I said it yesterday, and last week, but this time trust me bro" The goal posts *literally* shift daily ffs, and have for *years*. No one gives a shit of GME buys BTC except for GME holders. The comments in here sounds exactly like the ones in the superstonk sub.

Due-Basket-1086

The right word is diluting short headfunds, check the charts all green except today. Profitable, and a lot of GME holders in green like me.

TheLuckyO1ne

It's not only for bitcoin but did specifically state that GME could buy bitcoin with it.

HorsedickGoldstein

I have positions in both GME and BTC but I agree with this

TestNet777

Fair enough but it’s just odd. I agree, the cards are on the table. All the data is there. It’s tiring see GME (mostly cultists, not saying you are) talk about the same GME talking points like AI bots; $5B cash, profitable, bankruptcy is off the table while simultaneously ignoring that the cash is literally 100% from dilution (GME has retained losses of $81.5MM), the “profit” is due to interest earned on that cash raised via dilution due to interest rate levels and the actual business activity still generates operating losses on an annual basis. All this while the stuff they sell (video games) continues to see shifts to digital vs physical which makes it really hard to see a path to how business operations can ever be profitable. All of that is factual. Like, I don’t get why you or others wouldn’t acknowledge that. So much emotional attachment to a stock is just odd. I’m not looking to change your mind. If you think GME is a way to play Bitcoin and you’d for some reason rather buy a company that loses money, dilutes and buys Bitcoin instead of just buying Bitcoin yourself…sure, you do you.

panthera_N

I think this is how the market works, GME, VW stocks are legendary examples of this

KanyeWest_GayFish

strengthening the company when the share price spiked is "on the backs of apes"?? They now have 4.7b cash from the share offerings, 500m BTC, and another 500m-800m cash from the remainder of the convertible notes. If apes want a squeeze, GME putting itself in a strong financial position is a good thing.

im_THIS_guy

BTC will peak this year and then drop below current levels for another 5 years. Might be another 6-7 years for GME to get back into the green on this one. Their CEO won't last that long.

EagleinaTailoredSuit

So this infinite money, when does one get it? I’ve been told about it for four years now yet outside of a few swing traders I’ve never seen someone make money from GME.

cisned

Exactly, knowing that GameStop is undervalued and knowing that it has a lot of volatility, the best strategy is to sell covered calls, taking advantage of the gamma decay I have no qualms with people not believing in GME, but I do feel most of the arguments are disingenuous or ignorant at best, and that’s why I’m always looking to correct those misguided assumptions

WagwanMoist

GME does tech now? What kind of tech business?

antaran

> Correct me if I’m wrong but doesn’t GME have 0 debt and has an amazing amount of money in reserve? Gamestop has a total debt of 410m$ on its book [at the start of the year](https://finance.yahoo.com/quote/GME/key-statistics/). They also recently issued a 1.3 billion $ bond onto the market.

TestNet777

GameStop has cash from dilution. That’s it. Dilution. They are not profitable as a business. They turned a profit because of that dilution sitting in the bank earning interest. They still have operating losses on the actual business. As in, the value of the money they have earning interest is offset by the fact the core operations lose money. If your goal is to earn interest just go buy some SGOV yourself and get the additional tax advantages. Do you honestly not know this and actually believe GME is making money from its business operations?

CriticalCobraz

GME x BTC apes strong together

HashtagYoMamma

I see the GME meltdown cult has arrived, despite GameStop’s incredibly strong financial position.

cisned

I don’t think many people will think it will moon, they are just following normal investment strategies Operating at a net positive is something very few companies can do, most lose money, and worse yet none of them have $6 billion of cash with little to no debt The market right now is overvalued, and GameStop is one of the few companies that has a market cap of $14.3B with $6b cash and $4b sales. It would be naive to think GME is not a good investment

throwawayben1992

Because all GME has done is continue to lose money while diluting shareholders multiple times

ElPeroTonteria

It raises an interesting thought experiment… The whole drive on GME was everyone just buy in. It was a kinda lightning in a bottle moment, but if they can recapture some of that, meanwhile getting GME holders buying BTC, well… it’s just a thought

Active_Status_2267

Nah this dumb as shit. My GME options print cash flow every month I use it to buy more bitcoin Idiotic to say this isn't viable

Bobbyswhiteteeth

It’s a sell the news event for GME holders clearly. 

doodaddy64

They say that new tech needs a lead case before it really catches on, and GME has been pushing into trading card grading and swapping...

Reach_Beyond

You just described leverage. GME can hold that forever, BTC coin drop to $5k per coin, who cares. GME could hold for 100 years with owing interest or moving money around… this is the opposite of Saylor.

Icy-Pay7479

If you’re talking about GameStop the games company and Ryan Cohens big turn-around plan, yes, total scam. If you wanna treat GME as a hedge fund / ETF, there’s plenty others out there with a transparent prospectus and investment strategy.

Krondelo

I was thinking the same. Does this also spell a good future for $GME if BTC goes up in the future?

WeekendQuant

You can certainly be only Bitcoin and do well. You can also buy a basket of a few LBEs and exclude GME and I'd suspect you'll do better than if you included GME over a long timeframe.

Bobbyswhiteteeth

 Grift squared.  Why a dying video game retailer needed to raise $1.5bn of debt to purchase at most $500m of BTC is beyond me.  Am sure Rugpull Ryan will sell as soon as he’s 20% up on this and run off with the money, leaving the GME bag holders with nothing but empty dates again. 

j4_jjjj

GME has done better since the tariff crash than the rest of the market at large, gaining 50% before the BTC announcement

goldyluckinblokchain

Ain't not stopping GME

Appropriate_Idea_777

Nice! Still have 6 GME shares from 2021

partymsl

GME is going up, BTC doesn't care tho.

_Commando_

GME bought BTC, would explain the price bump to 110k recently.

discographyA

Probably because they are already invested in GME stock, which has been in the dumps lately. Ironically it is up on the news while the asset they bought is slightly down currently. This at least provides them a way to exit without taking a haircut depending on when they bought in.

iLLuSion_xGen

Don’t know about the GME sub but Bitcoin community is happy because GameStop is a mainstream company and retail will be exposed to bitcoin now

Silver-Maximum9190

Official GME: https://x.com/gamestop/status/1927679297252364502

SolanaToTheMooon

Correct me if I’m wrong but doesn’t GME have 0 debt and has an amazing amount of money in reserve? This is a W IMO

assblast420

I don't really understand why the GME sub is ecstatic about this. If they wanted to profit off a company that invests in bitcoin, why don't they just buy the bitcoin themselves? What am I missing here?

Livid_Yam

GME BTC Let's Gooooooo

Michikusa

I technically own more btc now since I have shares of GME

LordByronsCup

I only buy and hodl two things. BTC & GME. My teets are extra jacked this morning.

SecretaryFit1442

Many apes hold GME and BTC. 🫡

surfnsets

I don’t hold any BTC but I own 325 shares of GME. If they bought 1.5B of BTC then on a per share basis I would own 1k of BTC.

squireofrnew

It was a split as a dividend, so GME gave out 3 shares to every 1 share that was in an account. Needless to say there were enough shares to go around.

EvilBeanz59

GameStops annual report Go to the GME stock subs. You will find information there

EvilBeanz59

As they now hodl BTC have 5 billion in cash. Have no debt and has put performed the S&P 500 in last 4 years .. Yes GME 🤣

EvilBeanz59

Just let you all know GME has now purchased BTC.

EvilBeanz59

They have indeed. GME has even put performed S&P 500 People said we nuts for last 4 years. It's not even close to done

CriticalCobraz

GME - 🦍together $1Trillion strong

DarthWojak

Looks like GME will get MOASS

Koppernicus_

GME lmao

fatsopiggy

Still trying to afford an apartment in Australia with superstonk and GME? Lmao. Cucked

khm51

It’s moving pound for pound like all other alts. It’ll go up when the market goes up. The project itself means nothing, the “tech” is bs in general. Hype is what makes a coin pump. They still have the GME NFT marketplace, so if that goes back into effect it’s not over. If it doesn’t, it’ll just move like the rest of the market

geebersgeeb

Don’t, pull back is coming and everyone here will say it isn’t. Buy GME and triple up after earnings 😜

MrHackson

This wasn't for a data breach. This was in regards to an outage. I was in the "Failed Marketable Traders" class. I tried to place a sell order for a stock that was sitting at a profit and was unable to due to the outage. I later sold for a lesser profit. My total harm was probably less than $5 so honestly joined in more because I was mad at them for how they handled GME. I made plenty off some HOOD calls earlier this year though so we're cool now. I never cashed the check. I just hold onto it for sentimental value.

Terhonator

Ok, time 9.30 GME+2 timezone, One-day chart. Google BTC/USD: 107 951 Bing BTC/USD: 107 828

Redline65

I wouldn't be so sure with GME at +1 trillion. That's a $5 stock, at best.

Vegetable-Fig4121

Can't miss that GME ticker also.. lol a trillion

Microscop3s

Im also interested in the GME valuation…

funk--

GME TO THE MOON :rocket: :ape: :diamond: :hands:

Marmstr17

didn't yall learn about RH through the GME debacle? ffs

hippofire

Bro even when you buy stocks with Schwab and fidelity, it doesn’t mean they’re buying stocks on your behalf. It’s essentially a contract that they’ll pay you the list price. That was what the whole GME thing was about. People shorting positions they didn’t even own. These institutions have so much money they can bend the rules because they have enough to a) cover those calls in the worst case scenario and b) since they lend so much money, if they go under they get bailed out by the government.

urbangoose

r/investing knows how to make make 1 way. take a company, perform valuation, if low=buy, if high=sell there are a million ways to make money, and moreover hedge yourself as well. but Warren Buffett, their god, preaches things like value investing and P/E ratio (which is fine). in the game of investing, stocks are just a small part of the picture. overall, stocks are fundamentally different to buying a commodity like bitcoin. they also don't like investing in gold, so no surprise bitcoin + tech = not-with-a-10-foot-pole. there's some argument to be had about over-zealous bitcoin influencers (and worse, crypto in general) that give crypto a bad image as well. i agree to a certain extent. but, with that point, i'd argue the GME, TSLA, AMC, BBBY crowd can be just as toxic, but they still invest in them.

panthera_N

GME rumor using algo made it go up for a while and then crash, bag holders are still holding them as souvenirs, no money is ok, we have nice experiences, meet like-minded friends, money is not everything 😂😂😂

Maleficent_Sound_919

Buy high again, to keep people in This guy is gonna end up screwing it all up in some way or another Plus he got a big target on his back remember GME for example

Haxxtastic

Why does it seem like most of this sub is getting rock hard at the thought of imminent global economic collapse? Can't spend your fifty morbillion dollars worth of BTC if there's nowhere left to spend it. I just don't get it. If everything burns to the ground, why would Bitcoin still even be worth anything in a world where canned food, gauze, and ammunition are the most valuable assets? Even if the world was headed that way, why would you want it to? So your crypto wallet can show you a big number to stare at for a few seconds before the internet and power grid shut down? Like I'm not trying to be an asshole here, I just genuinely would like someone to explain to me why cheering for doomsday is so prevalent here. It's why I stopped hanging out in the GME subs, like most of them forgot that we're here to make money, which only matters if there's a damn society left intact that accepts it.

EXTORTER

Why the fuck did you call it $Apes? Mad suspect. Get your own identity. GME APES are the ONLY apes!

Still_Theory179

Is GME still sidelined? 

wisequote

Of course BCH can never be included because of all the naked shorting haha. If the GME folks heard of this they’ll be drooling. 🤤.

JDB-667

Oh I understand why he is doing it, but when you see that only GME and some fly-by-night penny stocks are doing it, he's going to have a hard time convincing a Mag7 company to embrace it. They don't need to take the risk. Regardless of how we feel, a company like MSFT has no need to embrace it. It would also be stupid for MSFT to start buying this late in the cycle.

antzcrashing

The only idiot is micro strategy and its investors. They are going to get smoked. Just like GME and others that think this is a company. There is no more bubble froth than this. And I say this as a crypto holder

DBRiMatt

GME hype is back?! xD

rtmxavi

Sold my GME for another 28