{"id":31380,"date":"2025-06-11T16:16:33","date_gmt":"2025-06-11T16:16:33","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=31380"},"modified":"2025-06-11T16:16:33","modified_gmt":"2025-06-11T16:16:33","slug":"bitcoin-probably-wont-fix-gamestops-troubles","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=31380","title":{"rendered":"Bitcoin Probably Won&#8217;t Fix GameStop&#8217;s Troubles"},"content":{"rendered":"<div>\n<p>Things aren\u2019t looking great for <strong>GameStop Corporation<\/strong>\u2018s (NYSE:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/GME#NYSE\">GME<\/a>), if you ask Wedbush Securities\u2019 Michael Pachter.<\/p>\n<p>The video-game retailer\u2019s <a href=\"https:\/\/www.benzinga.com\/markets\/earnings\/25\/06\/45872536\/gamestop-q1-earnings-revenue-misses-despite-collectibles-growth-eps-beats-retailer-adds-4710-bitcoin\">Bitcoin investments<\/a> probably won\u2019t inspire hordes of investors to pile into its stock, while there are no signs of a potential recovery in its core business, Pachter suggested in a research note published Wednesday. The analyst maintained an Underperform rating on GameStop with a $13.50 price target.<\/p>\n<p>The name that defined the meme-stock era has slumped almost 19% from a one-year high reached at the end of May, and traded at around $29 on Wednesday. At the height of that viral investing trend in 2021, the stock had surged to levels above $120.<\/p>\n<p>GameStop reported first-quarter revenue of $732.4 million on Tuesday, missing analyst\u00a0<a href=\"https:\/\/www.benzinga.com\/quote\/GME\/earnings\" target=\"_blank\" rel=\"noreferrer noopener\">estimates<\/a>\u00a0of $754.24 million. The company reported first-quarter adjusted earnings of 17 cents per share, beating analyst estimates of four cents per share, according to\u00a0<a href=\"http:\/\/pro.benzinga.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">Benzinga Pro<\/a>. The company said it had purchased 4,710 bitcoins between May 3 and June 10 using cash.<\/p>\n<p><strong>Read Also: <a ...><\/a><\/strong><\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/analyst-stock-ratings\/analyst-color\/25\/06\/45888497\/bitcoin-probably-wont-fix-gamestops-troubles\" alt=\"Bitcoin\" probably won fix gamestop troubles>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Things aren\u2019t looking great for GameStop Corporation\u2018s (NYSE:GME), if you ask Wedbush Securities\u2019 Michael Pachter. The video-game retailer\u2019s Bitcoin investments probably won\u2019t inspire hordes of investors to pile into its stock, while there are no signs of a potential recovery in its core business, Pachter suggested in a research note published Wednesday. The analyst maintained [&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-31380","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\/31380","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=31380"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/31380\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=31380"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=31380"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=31380"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}