๐ฎ GameStop Buys 4,710 $BTC โ A Strategic Treasury Shift
Between May 3 and June 10, 2025, GameStop acquired 4,710 Bitcoin (โโฏ$510 million), officially entering the corporate Bitcoin treasury trend. The decision was based on a March board vote to adopt Bitcoin as part of its reserve strategy, echoing moves by companies like MicroStrategy.
๐น Q1 2025 Financials:
Revenue declined 17% YoY to $732M.
Despite revenue shrinkage, net income flipped to a $44.8M profit from a $32M loss last year.
GameStop now holds $6.4B in liquid assets, including this BTC position.
๐น Funded by Convertible Notes:
GameStop raised $1.3B in convertible notes to finance the Bitcoin buy, diversifying away from declining gaming retail margins.
๐น Market Reaction:
Despite the bold move, GME stock dipped 3โ6%, suggesting some investors are skeptical or profit-taking.
๐น Strategic Implication:
This shift positions GameStop more as a Bitcoin treasury play than a traditional retailer, joining the likes of Tesla, Block, and Metaplanet.
