Pokémon and sports cards may be outpacing the stock market on paper, but while some collectors are cashing in—others are going broke.

The Gathering are just two examples of trading card games that are losing their sparkle due to greedy scalpers looking to make a profit.

In this post: GameStop raised an extra $450 million, bringing its total to $2.7 billion through convertible notes. The company is using the funds to buy Bitcoin and support general operations.

Alongside the trading card focus, GameStop is investing in cryptocurrency. Last month, the company purchased approximately $500 million in bitcoin as part of its strategy to find new revenue streams.

GameStop is turning to trading cards as its next growth segment. Bitcoin and trading cards are getting more attention for the company than its legacy video game business. From tariffs to inflation ...

Related reads:Pokémon Fan Meets Pope Leo, Gets Him to Sign a Popplio Pokémon Trading Card — and It Looks Like the Pontiff Got the Joke GameStop is doubling-down on trading cards.

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.

CEO Ryan Cohen said at the company’s annual shareholder meeting that the video game retailer plans to focus on growing its trading card business. The business of Pokemon, Magic the Gathering and ...

GameStop is pouring money into Bitcoin, but that’s not the company’s main focus these days. As the video game industry goes increasingly digital, cutting out retailers for software sales, GameStop is ...

Investing.com -- GameStop Corp (NYSE:GME) stock has dropped over 22% Thursday, as it is doubling down on collectibles, with trading cards emerging as a central focus in its evolving retail strategy, ...

GameStop has revealed it will shift its focus to trading cards, like sports cards and Pokemon cards, to improve revenue.