GameStop Buys 4,710 $BTC Enters the Bitcoin Arena!
On May 28, GameStop made it official: they’ve purchased 4,710 Bitcoin, diving headfirst into crypto. With BTC trading around $108,800, the move is worth over $512 million!
💸 The funds? From a $1.5B convertible note sale (zero interest, due 2030). GameStop clearly stated the proceeds would go toward buying Bitcoin and now they've delivered.
🎯 From games to gains?
After dabbling in NFTs and launching a crypto wallet, this is GameStop’s boldest pivot yet as it explores new ways to grow beyond retail struggles.
