Overview

• Ryan Cohen purchased 500,000 GameStop shares at an average price of $21.55, increasing his ownership to 8.4%.
• The $106.85 million investment was disclosed in an SEC filing and follows GameStop's recent financial and strategic shifts.
• GameStop shares rose 3.6% in after-hours trading on April 3, partially recovering from a 7% drop earlier that day.
• Under Cohen's leadership, the company adopted Bitcoin as a treasury reserve asset and raised $1.3 billion through convertible notes to fund cryptocurrency purchases.
• Cohen's increased stake reflects confidence in GameStop's transformation as it moves beyond its traditional retail model.