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It's been a long time since I last walked into a GameStop store. I remember being a teenager, selling some of my games to them (big mistake) in exchange for cash. Hopefully, that’s not the reason GameStop has closed some of its stores (it’s not).
As GameStop accelerates the closure of its stores, I believe it’s because their business model is outdated, to say the least. In a bold move, they are investing a whopping $1.3 billion into Bitcoin—a significant shift in their investment strategy.
This is a long-term gamble, as the article mentions that the investment won’t be valuable until 2030. But the real question is: will GameStop survive long enough to reach that point?
Articles of the week
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