๐ฎ GameStop Goes Crypto โ 4,710 BTC Bought for $513M!
GameStop acquired Bitcoin valued over $513 million.
BTC is selling at $109,000.
GameStop said they bought 4,710 Bitcoin from X. Reaching prominence in 2021 amid the meme stock craze is GameStop, a video game store.
May 28, Bitcoin is trading at over $108,000.
GameStop purchased Bitcoin valued over $513 million.
GameStop announced via an X post without mentioning any other particular purchase specifics.
The corporation omitted revealing the BTC purchase price in its official BTC purchasing notes.
Up roughly two percent over the previous 24 hours, the GameStop share trades today above $35.
Digital assets connected to GameStop are trending after business news. Other related cryptocurrencies increased as well; GME price jumped by nearly 15%.
GameStop said in March that Bitcoin is their Treasury Reserve Asset.
The corporation said in an official press statement earlier, on March 25, 2025, that its board of directors had unanimously approved an upgrade to its investment strategy including Bitcoin as a treasury reserve asset.
GameStop hinted at a Bitcoin inclusion to its Treasury Reserve in February when CEO Ryan Cohen posted a picture of himself and Michael Saylor via X, implying the forthcoming action before the March event.
GameStop emulated Bitcoin-centric corporation by adding Bitcoin to its Treasury Reserve. The business started purchasing Bitcoin in August 2020, and on May 26 it made public its most recent purchase, stressing that it now owns 580,250 BTC valued more than $63 billion.
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