🎮 GameStop Buys 4,710 Bitcoin — First Official BTC Move Confirmed

GameStop just made its crypto play official. The U.S. video game retailer has acquired 4,710 BTC, worth around $513 million, according to a May 28 post on its official X account.

#Bitcoin

🧩 Key highlights:

🔹 First confirmed BTC investment from GameStop

🔹 Purchase funded through $1.3B convertible notes offering

🔹 No details yet on average buy price or exact timing

🔹 BTC purchase aligns with GameStop’s March pivot toward crypto assets

🔹 Stock (GME) up 30% in 30 days — currently trades at $36.30 pre-market

Speculation around GameStop's move into crypto has been brewing for months. The company finally confirmed it’s now holding Bitcoin on its balance sheet — joining names like Tesla and MicroStrategy.

Market reaction has been strong. GME stock spiked 12% in March and 18% back in February on early rumors. Now, the confirmation could fuel even more bullish sentiment from both retail and institutional players.

GameStop’s BTC buy is part of a broader trend of traditional companies entering the digital asset space — this time, with real skin in the game. 🕹️🟠