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.
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.