GameStop Corp. (GME): A Bull Case Theory

We came across a bullish thesis on GameStop Corp. on Stock Region Research’s Substack by Stock Region. In this article, we will summarize the bulls’ thesis on GME. GameStop Corp.'s share was trading at $23.59 as of June 27^th. GME’s trailing P/E was 44.51 according to Yahoo Finance.

GameStop is back in the headlines following its announcement of a $1.75 billion convertible senior note offering, which led to a 10% drop in its stock price. The capital raise is intended for general corporate purposes, though speculation is rife about its potential use for expanding into cryptocurrencies, especially given GameStop's recent $500 million investment in Bitcoin, acquiring 4,710 BTC.

This move adds another layer to the company’s already volatile profile and aligns with its recent efforts to position itself within the digital asset space. While traditional investors may view this as risky, the move resonates with GameStop’s dedicated retail investor base, particularly those active on Reddit, who have long championed the stock as a symbol of rebellion against institutional finance.

This new chapter builds on that sentiment, reinforcing GameStop’s image as an unpredictable yet captivating player in the market. Despite its lack of clear strategic direction and conventional fundamentals, the company continues to attract interest for its meme stock legacy and potential upside in the crypto sphere.

Traders are closely watching technical levels, with $25.48 seen as the upside breakout point and $23.61 as a key support. While this investment thesis won’t appeal to the faint of heart, GameStop's bold approach may intrigue those with a high risk tolerance and a bullish stance on Bitcoin. For investors seeking asymmetric upside and who are comfortable with extreme volatility, GameStop remains a speculative but fascinating opportunity amid its ongoing reinvention and unpredictable market behavior.

Previously we covered a bullish thesis on DICK’S Sporting Goods, Inc. by BotMissile in May 2025, which highlighted its undervaluation, strong fundamentals, and strategic Foot Locker acquisition. The company's stock price has appreciated by approximately 13.27% since our coverage. This is because the thesis played out. The thesis still stands. Stock Region shares a contrarian view but emphasizes crypto-driven upside in GameStop.

GME isn't on our list of the 30 Most Popular Stocks Among Hedge Funds. While we acknowledge the risk and potential of GME as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

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Disclosure: None. This article was originally published at Insider Monkey.