But why GME?? Unless their entire board is fired and new CEO with strong background in finance is hired, I ain't convinced this deal will fly. Propping up a dying company has never worked in the past and will never work in the future.
Is your google defective? $1.3B, zero % interest, for 5 years only the biggest pussies would turn it down, need to go to emergency room and request the doctor to stitch up the vagina, get hairy balls transplant from one of them hell's angel's bikers who got into a fatal accident https://news.gamestop.com/news-rele...lion-of-Convertible-Senior-Notes/default.aspx 5 years ago bitcoin was less than $6k, why don't you check the charts, if you need help, I'm sure there are some chart gurus here on ET you can ask $1M/btc before 1/1/2030 the time has not passed, you don't like it? You will hate it even more when it happens Only a responsible finance guru would remotely suggest that a company with practically no debt and has $4.7B in cash should file for bankruptcy, destroy all the shareholders, get delisted from the stock market, for 0 benefit other than being a big pussy GME management has finally grown some hairy balls, and taking proper risks, buying bitcoin and grow to $1 Trillion market cap within 5 years, or even much higher! If GME does not go full-Saylor, the company will have limited results You really need help with the charts, ser, I suggest you reach out to Maxinger Pull up the 25 year chart of mstr from 2000 to 2025 That's what a zombie company adopting the bitcoin treasury strategy will do The business has not changed with mstr, and the business of GME does not need to change either
Yeah, right, like you would know as if you were there since 2000 . Anyway, I see Bitcoin going down to 50k so let's pick up our convo at that time. Right now, you sound too unhinged like a mad dog. Woof, woof, ggrrrr!!!
MSTR still trading huge dollar daily volume. Liquidity might be an advantage ? Often within top 10 $volume. Excluding spot, etfs & futures.
[Apple has entered the chat] "Apple was on the verge of bankruptcy in 1997 and was revived by Steve Jobs, who returned as CEO after the company's acquisition of NeXT." Hell, even MSTR almost died in the early 2000s. GRPN went down to 3 dollars from 65 and now it is back at 18.
This thread is not just about BTC's price, but anyway... Really, who cares anymore? History is history. The market is always forward looking. So let's say it is Tesla, you are advocating for, what would you say, why should I buy TSLA stocks? See? There is no good argument for it. The cars are shitty (BTC is shit), other competitors are better (several better crypto exist) they lost every advantage they had. Just like there is no forward looking argument for BTC. Something could happen in the future changing this, but right NOW, it has been just trailing the market like a good little tech stock it is. it is not even diversification, because 98% times they move together. So it is highly irrelevant what the price was 5-10 years ago, the past performance not indicating yada-yada-yada...Everybody who wanted in is already in. People are selling their Teslas, they will be selling their BTCs...
Well, why the hell didn't I think of that?! But I still think that's a crappy analogy. Did any of those companies, especially AAPL, managed to turn around by abandoning their core business and adopting something else different altogether? That said, I ain't against companies acquiring Bitcoin as long as they're financially sound. But GME is a poorly run company with massive debt. To borrow more money or dilute the existing shares to finance Bitcoin, frankly, makes no sense to me. Anyway, these are just my worthless 2-cents. I ain't here to dissuade anyone.
GameStop currently has approximately $4.8 billion in cash and cash equivalents as per their 2024 10K. I doubt that has changed that much in 3 months.
@johnarb when I see a notification that you liked my post, I know it means you're about to write a nasty response. I have no need to occupy myself with your crap. And it just makes you look like a cult-worshipping freak. So stop. Also you don't give a slightest crap about GME. What you really care about is GME to buy as much BTC as possible in order to prop up the price of BTC. But no matter what, BTC is slated to drop down to $50K. It's inevitable. This will be my last post here, but you're free to reply.