**Excerpt:**
*”GameStop’s $1.3 billion Bitcoin bet—a desperate bid to reinvent itself beyond failing retail stores—has backfired spectacularly. Within hours of the announcement, its stock nosedived 23%, as Wall Street balked at the high-risk crypto gamble. The move, mirroring MicroStrategy’s playbook but lacking its execution, raises urgent questions: Is this a bold pivot or a last-ditch meme-stock stunt? With investors unconvinced and skepticism soaring, GameStop’s crypto plunge serves as a cautionary tale for companies eyeing digital assets as a lifeline.”*
*(For deeper analysis on crypto’s volatile role in corporate turnarounds, follow Fortune Crypto’s coverage.)*
