After GameStop closed about a quarter of its locations within the past year, shuttering 1,000 stores across the world, the company said it’s not close to done. And as the struggling company closes stores,

The company’s stock famously surged as much as 2,000% in 2021, when trader Keith Gill, otherwise known as "Roaring Kitty," drove up the stock through posts on Reddit and YouTube. In June 2024, GameStop’s shares soared nearly 50% as Gill said he was still a "believer" in GameStop, posting a screenshot of what appeared to be a $116 million stake.

GameStop announced that its board has approved a plan to buy Bitcoin with corporate cash, following a strategy made famous by MicroStrategy.