In addition to the trading card focus, GameStop is also investing in cryptocurrency as it tries to find a more viable business model. Last month, the company bought about $500 million in bitcoin.

Today, GameStop's 4,710 BTC has a market value of approximately $500 million, which makes it roughly 5% of the stock's $10 billion market cap. The company will have to acquire much more Bitcoin to ...

GameStop's press release announcing the purchase of Bitcoin is a single sentence long, and there is no word on why GameStop did this or what its plans are.

GameStop has gone through several rounds of closures already. Per CNN, the U.S. has seen 590 locations shut down and the overall count reduced to 2,325 as of February 1.

GameStop revealed in a regulatory filing Tuesday that it expects to close a “significant number” of additional locations in the coming months, although the “specific set of stores has not ...