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News Explorer — GameStop Stock Price Spikes After Bitcoin Buying Plan Revealed

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Mar 26, 5:37 pm
Coindesk

GameStop Stock Price Spikes After Bitcoin Buying Plan Revealed

GameStop's shares surged 16% after announcing plans to purchase Bitcoin for its balance sheet, following a hint from CEO Ryan Cohen. The company, holding $4.8 billion in cash, did not disclose the amount or timing of the buys, sparking speculation.

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