GameStop Stock Analysis: Top 3 Reasons GME is Crashing
The GameStop stock price has crashed this year, even as the company diversified its business by becoming a Bitcoin accumulator. GME was trading at $22.3, down by nearly 40% from its highest point this year. This article explores the top three reasons why it has plunged.
Why GME Stock Has Crashed
GameStop stock price has plunged because of the ongoing lack of traction of Bitcoin treasury companies. A closer look shows that most of these stocks, including the likes of MSTR, American Bitcoin, and Metaplanet, have plunged this year.
GameStop has become a major Bitcoin holder as it bought 4,710 coins, currently valued at over $520 million. It did that to deploy its excess capital and probably…
