$500 million worth. Every company in the world should just take all their cash reserves and forget about what ever they manufacture or services they provide and just go all in on bjtcoin.....just buy bitcoin because according to all the bitcoin bulls it's only going to go up forever and ever and ever.....so Costco can forget about being Costco and just invest their billions into bitcoin, apple can forget about manufacturing phones and computers and just buy billions in bitcoin. Every company can jiat reap the unlimited rewards of the forever rising bitcoin bubble. https://www.investopedia.com/gamestop-stock-slips-on-disclosure-of-500-million-bitcoin-buy-11743013
Mother in Law asked me to manage her money. Put her 100% in BTC leveraged 2X. So far she's loving me.
You jumped into BITX with her cash? Be careful, doesn't take much for that to lose 50% in a few weeks once bitcoin goes south. When bitcoin is back under 70k BITX will be struggling to stay above 30!!!
Nothing lasts forever...Bitcoin may one day turn into AOL or the Greek empire. The landscape and environment never stays the same. Constant shifting
and GME went down 10% in just a few hours. Congrats on your massive profit. GME has the habit of going up and down and up and down and up and down and ... It has formed countless sharp peaks on the chart, and it will continue to do so till the end of time.
Yeah but as that thread's starter I was counting on Roaring Kitty pushing GME up, not that they start to buy bitcoin. The horror... Well, I guess they have too much cash and they don't know what else they can do with it. Their business model is outdated so this is as good as any other idea.