GameStop Don Change to Bitcoin Money As Retail Sales Dey Go Down, Dey Look Out For Earning Test

GameStop don make big move as dem add 4,710 Bitcoin (BTC) wey worth over $497 million to dem corporate money house. This one don put dem among big companies like MicroStrategy wey dey use Bitcoin as serious asset. This happen as the game store dey face serious wahala for dem main business, with dem quarterly money wey dem expect to drop by 14.47% year-on-year to $754 million and yearly money wey dem predict say go fall from $6 billion for 2022 to $3.56 billion by 2025. The company stock don fall 16% from e yearly high and now e dey trade for $29.58, with market value wey pass $13 billion. Even with all these wahala, GameStop still get strong money position with $4.7 billion for cash and no debt, wey give dem more power to buy more Bitcoin. Bitcoin wey dem get now na just 3.76% of GameStop market value, wey be small compared to MicroStrategy 58%. As the company dey change to this new crypto-focused money strategy, investors and crypto traders dey watch the June 10 earnings release well-well to see if e go work. Key technical stock levels include support for $20 and resistance for $35.78. The result fit affect how traders feel about companies adopting Bitcoin during sector downturns, while the way crypto gaming projects dey move up and down show say sustained engagement and financial planning important. E get potential for GameStop and Bitcoin price to connect more after this strategic change.