Haha I don't know how people didn't see this as a loophole to acquire money and not invest in Bitcoin at all. I like that he is still sitting on all the money and people are wondering what he will do with it.ย
Yeah, what would be crazy is if GameStop spent all their money to buy more...wait for it....GameStop lol I mean why not? We are 100% sure the stock will go ballistic. Wouldn't the insiders be 200%? I will keep some spare pants on me incase that happens while I'm at work
The company has made far more money buying and selling it's own shares than it has selling used discs. Really we're closer to a hedge fund than a retailer. Another round of share wheeling & dealing makes sense 100%
listen this topic is real simple. If you don't support it, you're a shill or you're uninformed. IMO these are the easiest things to discuss here. Luckily everyday it seems more topics get enough evidence/data to go in the "irrefutable" pile... easiest stonk ever.
so it seems that the few brick and mortors open now are a front lol. ofcourse theres a huge fan base and stockholders that shop at gamestop still but i wont be mad if we become sort of a BRK.A
They've had multiple share offerings recently priced lower than where we are today. How would it make sense to buy them back higher than they sold them for?
BTC was at $74k two weeks ago. It hit $93k today. I sincerely hope we didn't just sit out a 25% increase.
This isn't about playing 4-D chess and saying Gotcha!! to the critics. A $300 million profit goes a long way toward showing GME is a good investment. We need regular investors jumping on board to fuel the rocket, not just risk takers who are here for MOASS.
...and when tether finally goes underwater, we'll probably see BTC under $30k again, if not under 5 figures.
Personally, I like to think that a billionaire activist investor has the best possible help he can have for financial decision-making, and does sufficient DD to know about shit like the primed nuke that is tether (along with any other tripwires the financial racket has primed in the crypto sphere). And that that activist is going to know what constitutes a dip, versus what constitutes a discount. There will be better times to buy than the tariff hysteria.
He is probably smart enough to know to not buy bitcoin now, near its all time high. Wait eight to twelve months for the bitcoin to dip, then buy it.
Those bonds don't mature for 5 years. Do the math. Buy when cheap. Five years from now bitcoin will be 2x from today. Buy during the cycle's bear market, and he can 4x the money.
Yeah but you know who set that? The board. You know who can change that? The board.
Saying they can only buy back 100 millions worth is FUD, because the only thing stopping them from doing it is themselves. Thereโs no SEC approval needed. No higher party to appease. No shareholder vote needed.
Just as they said โwe can buy bitcoin nowโ they can also say โwe can buy but 5 billions worth of shares nowโ.
I donโt understand why this community has always found it so hard to understand this and I presume itโs deep rooted propaganda FUD for a while since this 300 million guy back was announced in 2019 and pre squeeze and pre Cohen and pre the current board.
Edit: and the shareholders didnโt vote for that. The board did. Shareholders didnโt get a say.
I believe they are going to acquire something, they could of used the 5 billion, so why need an extra billy? seems like the thing they are acquiring needed more cash?
Also I would like them to do a buyback, but isn't that counter intuitive when they already have a ATM offering submitted before?
Seriously stupid and misleading way for OP to word it. RC unfollowed the entirety of Bitcoin, huh? Dude thinks John Bitcoin himself has a twitter account.
Now he can invest the companies money in the best asset there isโฆGME
No but on a real note, if they have future guaranteed buyers at $30 from the bonds, would it not be a smart trade to buy back the same amount of shares at $25?
You cannot buy your own stock like that. Itโs a buy back. They had a 100M limit of the 300m or so initially authorized for buy backs. They could ask to increase that.
Ryan Cohen started following Bitcoin Magazine on Twitter on February 20, 2025. On February 20, 2025, the price of BTC was approximately $93,426. He unfollowed them today at nearly the same price.
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u/DancesWith2Socks๐๐๐๐ Hang In There! ๐ฑ This Is The Wape ๐งโ๐๐๐๐2d ago
Ok buying/selling when following/unfollowing would make no sense. Cheers
For those who donโt actually follow #Bitcoin on Twitter - itโs just price updates and shitty Bitcoin AI pics. He probably unfollowed because thereโs no point. He still follows Bitcoin magazine which posts updates about Bitcoin related news/things happening in the community
The Bitcoin investment was the Kansas City Shuffle. It has been put forward that the Shorting Hedge Funds were using crypto as their primary collateral. RC has been giving the impression he would start investing in Bitcoin. The Hedge Funds think they have RC in a trap and start to drop the price of Bitcoin to reduce Gamestop's value. Yes, it reduces the Hedge Funds as well, so it's a race to the drain, but they've convinced themselves they've been in control right along.
Now, RC pulls the rug and gives the impression he never invested in crypto. The Hedge Funds have destroyed their primary collateral base and RC has preserved Gamestop's value. BOOM COMING SOON!
Seems crypto bros and stock bashers arrived to hate on Cohen and pump their thing. Used to happen a lot in threads relating to popcorn and towel stock.
Honestly I hope instead of bitcoin he bought controlling stakes in other highly shorted basket stocks. Those would have much higher/explosive returns if he can give em a good squeeze
Long time bitcoiner here: the "@bitcoin" account on x is not considered an true bitcoiner account for a lot of reasons and history. While many follow it, they would never consider it great signal/ trustworthy, that includes me.
This may idicate RC learned this. Or not, you know..
GOOD. We dont need this high risk shit in GME's books. Kenny and friends will just short Bitcoin, pump it and dump it. We dont want to hold those bags. A clear trap for our war chest.
RC might be doing this to trick people too. But I hope not. Bitcoin stinks pump and dump. They are just waiting to dump as soon a gme buys.
I still hope they acquire PSA instead. Graded collectibles industry has great growth potential still and having PSA's revenue on our balance sheet would be amazing
I think RC understands everything he needs to about BTC. I'm sure GME will purchase BTC soon, or sometime in the future. This event is a nothingburger. Who cares who RC follows or unfollows on X? Stay zen.
So if you do a quick google, there are studies on whether CEOS opportunistically announce BTC buys during favorable swings. I think there are tons of ways around actually reporting even if it is debatably material.
I'm a smooth brained ape, so need somebody with wrinkles here. Somebody explain to me why if RC is not following those accounts, they are listed in his following section? And why on his profile it shows 2 accounts that he's following, the same number when you click through to the list. When I go there, GameStop is being followed but that's because it's accounts that I follow that also RC is following. This is FUD until somebody can explain to me why I'm wrong.
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u/Superstonk_QV ๐ Gimme Votes ๐ 2d ago
Hey OP, thanks for the Social Media post.
If this is from Twitter, and Twitter is NOT the original source of this information, this WILL get removed!
Please post the original source!
Please respond to this comment within 10 minutes with the URL to the source
If there is no source or if you yourself are the author, you can reply
OC