GameStop Corp. announced that it has purchased 4,710 bitcoins, valued at approximately $512 million at current prices, marking the company's first inclusion of bitcoin on its balance sheet. A regulatory filing indicates that these tokens will be held as part of the company's finances.

This acquisition follows GameStop's announcement of its bitcoin strategy in March 2025 and the issuance of $1.5 billion in convertible bonds, which will be used for general corporate purposes, including potential cryptocurrency acquisitions. GameStop joins a growing number of publicly traded companies adopting bitcoin as a reserve asset.

Investors welcomed the move: on May 28, GameStop's stock price rose about 6% in pre-market trading in the U.S., continuing a 26% increase over the past five trading days, reaching a new high for 2025. Previously, analysts had linked the recent surge to speculation that the company would increase its holdings in bitcoin.