GameStop buys Bitcoin for 500 million dollars: -10% of the stock after the announcement.

This is the company's first concrete move since it unveiled its plan to invest in digital assets in March.

GameStop announced that it has purchased bitcoin worth approximately 513 million dollars with the aim of capitalizing on the growing adoption of cryptocurrencies globally. The announcement comes a day after the Trump Media and Technology Group, the social media company of American President Donald Trump, stated that it wants to raise 2.5 billion dollars to buy bitcoin. The Texas-based company stated in a document that it has purchased 4,710 bitcoins, without revealing the purchase period.

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