Lol, all of 2021 and 2022 was the hedge funds and market makers struggling to suppress the rocketing buy pressure of GME. A 2 year battle for it to only trade sideways with a gradually increasing floor price and massive cash reserves on hand.
How exactly did they get $6.5B in cash w/ $0 debt? Easy. They effectively have the financial terrorists in checkmate, and for them to buy time, they needed shares. And "offered" ATM shares over time, allowing them to release a bit of the pressure while GameStop pulled in piles of cash.
And Bitcoin. And partnerships. And a loyal shareholder base. And a board who works for free and buys shares regularly.
TLDR: The cost per share is irrelevant. If it's less than $1,000,000 it's on sale and trading sideways. Zoom out.
GME up another 8%
Almost makes you wish you bought it four years ago, you'd only be down $14 per share today.
Lol, all of 2021 and 2022 was the hedge funds and market makers struggling to suppress the rocketing buy pressure of GME. A 2 year battle for it to only trade sideways with a gradually increasing floor price and massive cash reserves on hand.
How exactly did they get $6.5B in cash w/ $0 debt? Easy. They effectively have the financial terrorists in checkmate, and for them to buy time, they needed shares. And "offered" ATM shares over time, allowing them to release a bit of the pressure while GameStop pulled in piles of cash.
And Bitcoin. And partnerships. And a loyal shareholder base. And a board who works for free and buys shares regularly.
TLDR: The cost per share is irrelevant. If it's less than $1,000,000 it's on sale and trading sideways. Zoom out.
5 years ago they were under 5 pre split.