Search results for "GME"
02:58

GameStop Earnings Report: Q1 Company Net Income of $44.8 Million and Cash Purchase of 4,710 Bitcoins

GameStop, a company listed on the New York Stock Exchange, released its Q1 2025 earnings report, which disclosed: 1. The net sales for this quarter were 732.4 million dollars, with an operating loss of 10.8 million dollars and a net income of 44.8 million dollars; 2. Cash, cash equivalents, and marketable securities at the end of the first quarter amounted to $6.4 billion, compared to $1 billion at the end of the first quarter last year. 3. The divestment of Canadian assets was completed on May 4, and 4,710 bitcoins were purchased in cash from May 3 to June 10.
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GME5.5%
BTC-0.88%
01:34

GameStop Q1 Financial Report: Net Profit of $44.8 million, Recently Purchased 4,710 Bitcoins

Gate News bot, GameStop Corp. (NYSE: GME) released financial results for the first quarter ended May 3, 2025, and the company's condensed and consolidated financial statements, including GAAP and non-GAAP results, are as follows: net sales for the quarter were $732.4 million, compared to $881.8 million in the year-ago quarter; Selling, general and administrative expenses (SG&A) were $228.1 million in the quarter, compared to $295.1 million in the year-ago quarter. Operating loss for the quarter was $10.8 million, compared to $50.6 million in the year-ago quarter; Operating loss for the quarter included an impairment charge of $35.5 million related to an international restructuring; Adjusted operating profit for the quarter, net of impairment charges and other items, was $27.5 million, compared to an adjusted operating loss of $55.0 million in the year-ago quarter. Net income for the quarter was $44.8 million, compared to a net loss of $32.3 million in the year-ago quarter. Adjusted net income for the quarter, net of impairment charges and other items, was $83.1 million, compared to an adjusted net loss of $36.7 million in the year-ago quarter. Cash, cash equivalents and marketable securities totaled $6.4 billion at the end of the first quarter, compared to $1.0 billion in the year-ago quarter.
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GME5.5%
BTC-0.88%
09:01

Greeks.Live: Traders are bracing for more declines and another 4-year shock, and many are selling call options

Odaily News Greeks.Live macro analyst Adam released a community briefing stating that traders are preparing for more declines and another 4 years of fluctuations, with many selling call options, particularly at the strike prices of $87,000 and $90,000/$94,000 expiring on April 4. Multiple traders have reported selling put options to take advantage of market fluctuations, maintaining a slightly positive delta value while holding a short-term low volatility view. Market participants discussed the impact of GME's deployment ($140 million) and other large Bitcoin holders (Saylor 22,000 coins, Tether 8,000 coins), but the consensus is that these factors have not significantly driven the market.
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GME5.5%
BTC-0.88%
13:30

US Core CPI beats expectations, three major stock indices show divergent trends.

On September 11th, Jin10 Data reported that the three major US stock indexes showed mixed trends at the opening, with the Dow Jones falling by 0.31%, the S&P 500 remaining basically flat, and the Nasdaq rising by 0.2%. Trump Media & Technology Group (DJT.O) fell by more than 14%, after the first debate between Trump and Harris. GameStop (GME.N) fell by 10%, with Q2 revenue down 31% year-on-year.
GME5.5%
15:48
According to the data of the US stock market, GameStop's intraday increase has expanded to 10%. Prior to this, Citron, a US short-selling institution, announced on social platform X that it is no longer shorting GameStop. (Jinshi)
GME5.5%
X-6.87%
14:50
On June 12th, Jinshi Data News, the US short-selling institution Citron Research announced on the social platform X that it would no longer short GameStop (GME.N)
X-6.87%
GME5.5%
03:51
Golden Finance reported that cryptocurrency scammers recently hijacked the official account of Microsoft India X, which has over 211,000 followers, impersonating Roaring Kitty (the alias of the famous meme stock trader Keith Gill). The X account of Microsoft India is marked with a gold check mark, indicating official verification, which adds credibility to the fraudulent posts. The hijacked account was used to reply to tweets, directing followers and other users to a malicious website falsely claiming to offer a Gamestop (GME) cryptocurrency presale. This phishing website aims to steal the assets of anyone connecting a cryptocurrency wallet and authorizing transactions. In addition, many robot accounts forwarded the hijacked posts, expanding the scope of influence and luring more victims.
MEME-5.01%
GME5.5%
13:38

GameStop CEO: Buying BTC for hedging against inflation, will not mimic Strategy

Odaily News GameStop CEO Ryan Cohen stated in an interview with CNBC that the company will not follow the Strategy model but has its own unique strategy. Currently, GameStop has a very strong balance sheet with over $9 billion in cash and securities, and the previous purchase of 4,710 BTC was merely to view Bitcoin as a tool for hedging against inflation and global money printing. (CNBC)
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BTC-0.88%
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14:55

Bitwise launches GameStop Options Yield Exchange-Traded Fund IGME

Matt Hougan, chief investment officer of Bitwise, said in a post on the X platform that Bitwise Investment Company has just launched the first covered call option ETF (IGME) focused on GameStop, which generates income through an option strategy, but does not invest directly in GameStop stock, and fund shareholders are not entitled to any dividends from GME.
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10:36

Affected by rumors of adopting Bitcoin, GameStop's stock price rose nearly 10%.

After GameStop CEO Ryan Cohen took a photo with Strategy founder Michael Saylor, the stock price pumped to $27.12, a single-day increase of 9.66%. Although Cohen did not disclose the details of the meeting, people speculate that GameStop may be exploring BTC-related matters. As of now, GameStop has not made any public statements.
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BTC-0.88%
GME5.5%
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13:01
12:00-21:00 Keywords: Thailand, FLOKI, Astar, Watford 1. ProShares will launch two Ethereum leveraged ETFs; 2. The Securities and Exchange Commission of Thailand has approved the country's first Bitcoin spot ETF; 3. DWF LABS will purchase $12 million worth of FLOKI Token bid price; The Ethereum Foundation sells another 100 ETH through Cowswap; 5. The value of Roaring Kitty's holdings in GME stock has exceeded $300 million; 6. Astar Network initiated a proposal to destroy 3.5 billion ASTR tokens; 7. Watford Football Club will sell 10% of its shares in the form of digital equity.
FLOKI-0.09%
ETH-2.26%
BTC-0.88%
GME5.5%
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12:13
Odaily Star Daily News According to Citron Research, one of GameStop's most famous short sellers, GameStop (GME) stocks held by Keith Gill, nicknamed Roaring Kitty, are more like market manipulation than traditional investments. Keith Gill disclosed his stock holdings in GME, and the data showed that the value of his holdings in GME has exceeded 300 million U.S. dollars. If the stock price continues to rise, he may become the first billionaire in GameStop's history by this weekend. Relevant screenshots show that Keith Gill purchased 5 million shares of GME stock for $115.7 million and invested $65.7 million in call options, betting that the price of GME will be at least $20 per share from June 21. (Cointelegraph)
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01:28
GME retail investors' leader Keith Gill reveals his holdings. E*Trade, a subsidiary of Goldman Sachs, is reportedly discussing banning this Meme pusher.
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MEME-5.01%
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01:05
Odaily Planet Daily News: At 4 am this morning, Roaring Kitty once again posted a position screenshot on the Superstonk zone of Reddit. His call options on GME turned from loss to profit, with gains reaching $51.83 million, while the call options incurred a loss of $2.46 million yesterday. In addition, its GME stock holdings profit has risen from $9.23 million yesterday to $33.62 million, with a current total floating profit of $85.46 million.
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00:58
Golden Finance reported that, according to Lookonchain monitoring, someone created a new wallet and spent 12,110 SOL (2 million US dollars) in one go to buy 1.35 billion GME at a price of 0.0148 US dollars, becoming the fourth holder of GME.
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GME5.5%
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00:31

GameStop will increase the scale of its planned issuance of convertible preferred notes to $2.25 billion.

Video game retailer GameStop (NYSE: GME) announced that it has set a price in a private placement of its $2.25 billion aggregate principal amount of 0.00% convertible senior notes due 2032. The Company also granted the initial purchaser an option to purchase up to $450 million of additional principal notes within 13 days from the date of the initial issue of the Notes. After deducting related expenses, GameStation expects net proceeds of approximately US$2.23 billion from the offering, and approximately US$2.68 billion if the initial purchaser exercises the option, which will be used for general corporate purposes, including investments and potential acquisitions.
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18:46

GameStop (GME.N) rise over 8%

Golden Finance reported that the U.S. stock market opened with the Dow flat, the S&P 500 index rose by 0.05%, and the Nasdaq rose by 0.06%. GameStop (GME.N) surged over 8%, with reports suggesting it is considering investing in Bitcoin and other Crypto Assets.
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BTC-0.88%
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16:36

Andrew Left and Citron Capital are accused by the US SEC and US Department of Justice

Odaily Planet Daily News Andrew Left and Citron Capital are being accused of fraud involving millions of dollars by the United States Securities and Exchange Commission (SEC) and the Department of Justice (DOJ). It is reported that Citron Research is one of the most famous short sellers of GameStop, and announced in June this year that it will no longer short GameStop. (Decrypt)
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17:21
Golden Finance reported that, according to Lookonchain monitoring, a whale spent 12110 SOL (2 million dollars) to buy 135 million GME. Then sold 118 million GME at a price of 0.01975 dollars and exchanged for 2.33 million dollars. The Whale currently has 16.94 million GME coins (approximately $288,000) remaining, with a total profit of $618,000. Its profit on GME has exceeded $2 million at its peak.
SOL5.58%
GME5.5%
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13:43
PANews June 7th news, the US stock market showed that GameStop (GME.N) suspended trading due to volatility, with the previous decline narrowing to 15%. After resuming trading, the decline narrowed to 5.46%.
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13:38
Odaily Planet Daily News According to market sources, GameStop (GME.N) has temporarily halted trading due to volatility, with the previous decline narrowing to 15%.
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10:50
Odaily Planet Daily News Game Station (GME.N) erased all pre-market pump and is now fall 9.75%, with news that it may sell long up to 75 million Class A shares. (Golden Ten)
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09:54
Odaily Planet Daily News According to Lookonchain monitoring, a certain GME long-term holder has realized a 52-fold profit. He spent $535,000 to purchase 90.23 million GME on January 29 and April 3, and has been holding them until now. The current value is $2.86 million.
GME5.5%
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08:27
Odaily Planet Daily News Market observers expect that RoaringKitty may liquidate his GME stock position on Friday. Polymarket data shows that the probability of betting on RoaringKitty's assets reaching $1 billion has risen to 50%, which requires GME to rise to $70.
GME5.5%
07:22
Golden Finance reported that the market showed that Meme coin GME broke through $0.028 and is now trading at $0.02729, with an intraday increase of 135.16%. The market fluctuates greatly, so please be cautious and manage your risks. Yesterday, GameStop's stock rose more than 20% after hours.
MEME-5.01%
GME5.5%
05:55
According to Lookonchain monitoring, a user spent 12,110 SOL ($2 million) to buy 135 million GME, and the current unrealized profit is $1.4 million.
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GME5.5%
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03:21
On June 7th, according to Birdeye data, the 24-hour volume of Meme coin GME in the Solana ecosystem exceeded 100 million U.S. dollars, reaching 109 million U.S. dollars. As of the time of writing, GME is trading at $0.027, up more than 123% in 24 hours.
SOL5.58%
MEME-5.01%
GME5.5%
01:46
Golden Finance reported that according to Lookonchain monitoring, a trader spent 6,460 SOL (US$1.1 million) on Solana to buy GME and KITTY 2 hours ago. 5,000 SOL ($850,000) buys 35.99 million GME at $0.02891. 1,460 SOL ($248,000) buys 8.6 million KITTY at $0.02891.
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GME5.5%
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01:47

ProCap, GameStop, and Metaplanet strengthen their bets on Bitcoin.

According to Gate News bot, as reported by FXStreet, Anthony Pompliano revealed in a post on X on Wednesday that ProCap BTC has spent approximately $128 million to acquire 1,208 BTC. The average price for this acquisition was $105,977 per BTC, bringing the company's total holdings to 4,932 BTC.
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GME5.5%
BTC-0.88%
02:26

GameStop announced a proposed issuance of $1.75 billion debt notes, leading to a big dump of 12% in its stock price.

Gate News bot message, GameStop(GME) announced the issuance of $1.75 billion in private convertible senior notes to expand its debt financing strategy, potentially providing funding for further acquisitions of Bitcoin. Subsequently, GME's stock price fell by 11.7% in after-hours trading. Previously, GameStop reported a 17% decline in first-quarter revenue after hours the day before, and GME's stock price had already dropped by 5.34% during normal trading hours on Wednesday, to $28.55. The company did not specify that the proceeds would be used to increase its Bitcoin holdings, but stated that it also intends to invest in a manner consistent with GameStop's investment policy, in addition to potential acquisitions.
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GME5.5%
01:18

GameStop plans to refinance $1.75 billion, potentially for Bitcoin investment.

GameStop Corp. plans to raise $1.75 billion through a private placement of convertible senior notes due 2032, and the company is exploring digital asset investments, including potential Bitcoin acquisitions, in line with its latest investment strategy. The zero-coupon notes will be issued pursuant to Section 144A of the Securities Act to qualified institutional buyers, with initial purchasers having an option to purchase an additional $250 million within 13 days of issuance. These unsecured notes are non-interest-bearing and do not accrequent, and will mature on June 15, 2032, unless converted, redeemed or repurchased early. GameStop said it could complete the conversion in cash, stock, or a combination of both. Conversion rates and other final terms will be determined at the time of pricing.
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GME5.5%
BTC-0.88%
10:15

Trump announced an increase in auto tariffs, GME issued $1.3 billion to allocate Bitcoin.

gate News bot message, according to the QCP Capital report, Trump announced on April 3rd a 25% tariff on automobile imports and implemented retaliatory tariffs on major trading partners of the United States. Following the introduction of this policy, the stock markets in Japan and South Korea immediately fell. In the cryptocurrency market, GME announced a $1.3 billion increase for Bitcoin allocation. Despite this announcement, the overall trading sentiment in the crypto market remains subdued. QCP Capital pointed out that the market's upward movement is suppressed until further actions on Trump's trade policy are clarified.
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GME5.5%
BTC-0.88%
10:01

QCP Capital: The market generally lacks short-term optimistic sentiment, and the upside potential will still be limited.

The crypto assets market sentiment is sluggish, and the injection of funds into GME has not brought a boost. BTC ETF inflows are stable, while ETH ETF outflows indicate a divergence in institutional confidence. The on-chain development of ETH brings hope, and the value of BTC options will expire. The market lacks optimistic sentiment, with limited short-term upside potential, waiting for Trump's trade war actions.
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GME5.5%
BTC-0.88%
15:24
According to official sources, GME has announced that it has selected DWF Labs as its market maker. To simplify the process, GME expressed its desire to integrate funds into as few wallets as possible. To this end, a dedicated market maker wallet has been established, which will use multi-signature to enhance security and transparency, and record all transactions in a timely manner.
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12:40

Market News: GameStop appoints Nat Turner as board member

According to market news, GameStop has appointed Nat Turner as a member of its board of directors. Nat Turner, co-founder of Flatiron Health, is known for his involvement in Dibbs, an application that allows users to trade sports card partial rights in real time. (Jinshi)
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GME5.5%
20:10
Golden Ten Data on June 4, according to people familiar with the matter, the trading platform E*Trade is considering telling Keith Gill, the "leading brother" of American retail investors, that he will no longer be able to trade on the platform. This follows growing concerns about stock manipulation over Gill's recent purchase of GME.N options. Before rekindling the meme boom in May, Gill bought a large number of GME.N Options on E*Trade, the person said. Over the weekend, Gill posted a screenshot of his E*Trade account, showing that he owns $115.7 million worth of stocks and a set of options expiring later this month. His total gain on the position was $6.86 million.
GME5.5%
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