GAMESTOP plummeted by analysts 22% by questions about Bitcoin Buy.

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GAMESTOP (GME) has risen by 22%after the company unveiled a plan to purchase BTC (Bitcoin) using a $ 1.3 billion convertible debt -providing income.

According to Google Finance Data, 2:14 AM EST.

GAMESTOP surged 12% after the release of Bitcoin Investment Plan on March 25, but Rally was reversed yesterday due to the details of the debt issuance plan, and the analysts began to question the theoretical basis of the strategy.

Game tower

Analysts question the business model of GAMESTOP.

Brent Kenwell, ETORO’s US investment analyst, said investors questioned the company’s business model.

“If Bitcoin becomes a pivot, where do you leave everything else?” He said in an interview with Reuters yesterday.

While investors are not convinced of the future direction of Gamestop, Wedbush analyst Michael Pachter maintains a low level of performance for GME.

“Gamestop’s share price will be lower at a lower price before the conversion is issued. Especially, the conversion investor will have to believe that the zero coupon will last and the Gamestop Meme will last for five years.”

Bitcoin Critic Peter Schiff also shared his take on game stops’ recent BTC purchase decisions.

He said on March 27, “Gambling for a company that buys Bitcoin is not a good investment strategy.

$ GME Inspired by yesterday’s Bitcoin, I lost 15%of the profit. Stocks fell 2% over two days. Now that all fools are already in a hurry, smarter investors sell when realizing that wasting cash purchase Bitcoin is not an executable long -term business model.

-Peter Schiff (@peterschiff) March 27, 2025

“Now that all the fools are already in a hurry, the smarter investors are selling because they realize that waste of cash purchase Bitcoin is not an executable long -term business model.”

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