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Posted by
Two Blokes Jun 16 -
Filed in
Stock
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6 views
GameStop's stock dropped after announcing a miss on Q1 revenue and $2.25B in interest-free convertible notes. Its cash and Bitcoin holdings remain substantial. Despite trading at a large premium to net asset value, I see GME's brand as a unique intangible asset for a potential crypto-driven business transformation. Other companies leveraging crypto treasuries have attracted significant NAV premiums; GME could do the same by partnering with crypto industry leaders and content creators.
