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benzinga.com
182 days

Ahead Of GameStop's Bitcoin Purchase Plans, BlackRock, Morgan Stanley, Goldman Sachs, And Other Billion Dollar Funds Load Up On GME Stock In Q4 - GameStop (NYSE:GME)

1. Big funds increased GME stakes in Q4 2024; total shares held: 143 million. 2. GME has $4.616 billion in cash, suggesting potential growth opportunities. 3. Ryan Cohen's potential Bitcoin investment could attract speculative interest in GME. 4. Peter Schiff criticizes GME's Bitcoin move as risky with no viable plan. 5. GME shares fell 11.94% YTD despite a 100.15% gain over the last year.

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FAQ

Why Bullish?

Increased institutional investment demonstrates confidence in GME's future potential. Historical examples show similar movements impacted stock prices positively.

How important is it?

Significant institutional interest shows potential for stock price uplift, particularly in speculative environments.

Why Short Term?

Investor sentiment may fluctuate based on immediate Bitcoin investment outcomes, as seen previously with volatile stocks.

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