2 months ago
Ryan Cohen, the president and CEO of video retailer GameStop (GME), accrued his involvement successful the institution pursuing the firm's decision to adhd bitcoin (BTC) arsenic a treasury reserve asset.
According to a Thursday filing to the U.S. Securities and Exchange Commission (SEC), Cohen acquired an further 500,000 shares of the company's Class A communal banal astatine $21.55 per share, totaling astir $10.78 million. This acquisition elevates Cohen's full holdings to 37,347,842 shares, representing astir 8.4% of GameStop's outstanding shares, the filing shows.
Cohen's acquisition comes connected the heels of GameStop's committee approving a program successful precocious March to put portion of its currency heap successful bitcoin. The steadfast besides issued $1.5 cardinal successful convertible notes to rise funds for its BTC acquisition plan. That superior rise closed earlier this week. GME shares are somewhat up premarket trading aft falling implicit 7% connected Thursday arsenic U.S. stocks plunged successful absorption to President Trump's tariff announcements.
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