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GameStop stock slides 10% as company announces $500 million bitcoin purchase

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Summary
Nutrition label

76% Informative

With bitcoin trading around $108,000 per token, the investment is valued at over $500 million .

Public companies have increasingly added bitcoin to their balance sheets, following the lead of Strategy (formerly MicroStrategy ) ( MSTR ), the largest corporate holder of bitcoin.

The token reached a record high north of $ 111,000 last week .

VR Score

71

Informative language

67

Neutral language

39

Article tone

formal

Language

English

Language complexity

45

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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