GameStop, the once-doomed video game retailer turned meme-stock legend, just bought $513 million worth of Bitcoin—because when your business model is collapsing, why not go full crypto chaos? Yes, they’ve snagged 4,710 BTC, instantly leapfrogging into the top 15 public Bitcoin holders, like a boss with a loot box.
The purchase was fuelled by $1.3 billion in convertible notes—Wall Street’s polite way of saying “IOU, but with vibes.” Bitcoin’s trading near $109K, and GME stock popped 2%, possibly from traders who mistook this for a GTA side quest. It’s the wildest pivot since they flirted with NFTs and promptly ghosted.
Somewhere out there, Michael Saylor is nodding sagely while whispering, “Another one sees the light.”