GameStop Stock Price Eyes $45 on the Heels of Bitcoin Strategy
GameStop (NASDAQ:GME) stock surged over 6% during Wednesday’s early trading session, breaking above $35 for the first time in a while after consolidating sideways for nearly a year.
The stock even hit $36.80 at one point, with around 32 million shares being traded. However, the token has since dropped by 9% to $31.80 but with signs of a short retracement before another rally.
The 6% surge came shortly after the retail company announced that it acquired 4,710 Bitcoin, worth roughly $513 million at current market prices. Investors reacted to this based on the fact that the video game store is finally getting serious with cryptocurrency.
The company said it…
