In its first purchase of "Bitcoin," the video game company "GameStop" buys 4,710 units of the cryptocurrency worth over $500 million.
"GameStop" stock rose by more than 7% during pre-market trading on Wall Street.
This makes "GameStop" join major companies that have added cryptocurrency as a reserve asset, similar to "MicroStrategy."
The company had borrowed $1.3 billion to finance the purchase of "Bitcoin" from convertible bonds.
