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Gamestop (GME) shares fell 22% after the suspicion from the analysts after the company announced the company’s purchasing plans to purchase Bitcoin (BTC) using revenues from a convertible debt bid of $ 1.3 billion.
Dalma deleted $ 3 billion from the company’s market value, Google finance data As of 2:14 Est.
Gamestop increased by 12% after Company announced Bitcoin Investment Plan On March 25, only among the details of the debt export plan yesterday, and analysts reversed when the strategy began to question the logic behind the strategy.
Analysts question Gamestop’s business model
Brent Kenwell, an US investment analyst in Etoroo, said investors question the company’s business model.
“If Bitcoin is going to be pivot, where does this leave everything?” He said report With Reuters yesterday.
Since investors are not sure of Gamestop’s future aspect, Wedbush analyst Michael Pachter continues to perform for GME.
“Considering that the share price of Gamestop should believe that a converter will receive zero coupons and the Phenomenon of Gamestop MEM will continue for another five years, a lower dragging will be dragged before the transformation is given,” he said.
Bitcoin critic Peter Schiff also shared the gamestop’s decision to purchase BTC.
“Gambling in companies that buy Bitcoin is not a good investment strategy,” he said in March 27.
$ Gme Inspired by yesterday’s Bitcoin, he lost 15%. The shares fell by 2% for two days. Now all the fools are already in a hurry, smarter investors sell Bitcoin Bitcoin because they realize that it is not a long -term business model.
– Peter Schiff (@peterschiff) 27 March 2025
“Now that all fools are already in a hurry, smarter investors sell because Bitcoin’s purchase of cash is not a long -term business model.”
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