Gamestop xStock on TON

GameStop (GME), a retail chain selling video games and consoles, earning a wider margin on a used game it buys back and resells than on a new one. In January 2021 buyers organising on Reddit squeezed the funds that were short the stock, and the company sold new shares while the price was high, cleared its debt and built a large cash balance, part of which it has since put into bitcoin. GMEx is a tokenised tracker certificate from Backed Assets (JE) Limited, following the GME share price on-chain.