{"id":20604,"date":"2025-04-04T13:02:59","date_gmt":"2025-04-04T13:02:59","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=20604"},"modified":"2025-04-04T13:02:59","modified_gmt":"2025-04-04T13:02:59","slug":"gamestop-ceo-cohen-buys-10m-of-gme-shares-following-bitcoin-acquisition-plan","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=20604","title":{"rendered":"GameStop CEO Cohen Buys $10M of GME Shares Following Bitcoin Acquisition Plan"},"content":{"rendered":"<div>\n<p>Ryan Cohen, the chairman and CEO of video retailer GameStop (GME), increased his stake in the company following the firm&#8217;s <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/03\/25\/gamestop-to-add-bitcoin-to-balance-sheet?utm_source=chatgpt.com\" target=\"_blank\">decision to add bitcoin<\/a> (BTC) as a treasury reserve asset.<\/p>\n<\/p>\n<p>According to a <a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1326380\/000092189525000971\/xslSCHEDULE_13D_X01\/primary_doc.xml\" target=\"_blank\">Thursday filing<\/a> to the U.S. Securities and Exchange Commission (SEC), Cohen acquired an additional 500,000 shares of the company&#8217;s Class A common stock at $21.55 per share, totaling approximately $10.78 million.<\/p>\n<p>This purchase elevates Cohen&#8217;s total holdings to 37,347,842 shares, representing about 8.4% of GameStop&#8217;s outstanding shares, the filing shows.<\/p>\n<\/p>\n<p>Cohen&#8217;s purchase comes on the heels of GameStop&#8217;s board approving a plan in late March to invest part of its cash pile in bitcoin. The firm also <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/04\/01\/gamestop-has-usd1-5b-of-bitcoin-buying-power-after-closing-convertible-note-sale\" target=\"_blank\">issued<\/a> $1.5 billion in convertible notes to raise funds for its BTC acquisition plan. That capital raise closed earlier this week.<\/p>\n<p>GME shares are slightly up premarket trading after falling over 7% on Thursday as U.S. stocks plunged in reaction to President Trump&#8217;s tariff announcements.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Ryan Cohen, the chairman and CEO of video retailer GameStop (GME), increased his stake in the company following the firm&#8217;s decision to add bitcoin (BTC) as a treasury reserve asset. According to a Thursday filing to the U.S. Securities and Exchange Commission (SEC), Cohen acquired an additional 500,000 shares of the company&#8217;s Class A common [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-20604","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/20604","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=20604"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/20604\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20604"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20604"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20604"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}