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GameStop Stock Drops 22% Daily Amid Bitcoin Pivot, Sparking Investor Scepticism

GameStop Stock Drops 22% Daily Amid Bitcoin Pivot, Sparking Investor Scepticism

GameStop shares tumbled more than 22% on March 27—the worst single-day drop in nearly a year —after the company announced a surprise move to invest in Bitcoin (BTC) using proceeds from a US$1.3B (AU$2.07B) convertible bond sale. Although the crypto investment initially sparked excitement among retail traders…

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