What the wise man whispers:
- Ryan Cohen, the grand poobah of GameStop, throws a cool $10M into the company’s stockpile, amassing more shares than a greedy dragon hoards gold.
- This Cohen fellow now lays claim to 8.4% of the company’s stock—enough to make a peasant weep with envy.
- In a move that would make a Bolshevik blush, GameStop dips its toes into the bitcoin waters, all while Cohen grins like a Cheshire cat.
In a tale as old as time, Ryan Cohen, the overlord of the video game retail empire known as GameStop, has decided to sprinkle some of his hard-earned kopeks into the company’s coffers. Why? Because bitcoin, of course!
Word on the street, or rather, in a filing to the SEC, is that Cohen snapped up an additional 500,000 shares at a steal—$21.55 a pop. That’s enough to make a Russian oligarch blush! His total cache now stands at a whopping 37,347,842 shares. That’s a lot of zeros, comrades.
Cohen’s bold move comes hot on the heels of GameStop’s board saying “da” to a plan to invest in the shiny digital coin known as bitcoin. And let’s not forget the $1.5 billion they raised to make it rain on the BTC parade. Meanwhile, GME shares are taking a rollercoaster ride, but who doesn’t love a good thrill?
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2025-04-04 16:05