GameStop announced the purchase on X on Wednesday but did not offer further details about when the $BTC were acquired or the price paid. Video game retailer GameStop has purchased 4,710 bitcoin, worth nearly $513 million at the time of writing. GameStop revealed its plans to pursue a bitcoin treasury strategy in March, offering $1.3 billion in debt to raise the funds for $BTC acquisition. Video game retailer GameStop (GME) has purchased 4,710 bitcoin, worth nearly $513 million at the time of writing. GameStop announced the purchase on X on Wednesday but did not offer further details about when the $BTC were acquired or the price paid. The Grapevine, Texas-based company revealed its plans to pursue a bitcoin treasury strategy in March, offering $1.3 billion in debt to raise the funds for BTC acquisition. The shares of GME rose more than 4% in U.S. pre-market trading on the news, while bitcoin price remained subdued around $108,000.
Using Reverse Copy Strategy, This Trader Profited 5.6 Million in 3 Days
One of the crypto traders in the market managed to make a profit of US$ 5.6 million. He used the reverse copy trading strategy of a great trader, James Wynn and managed to use it very well.
The action is similar to copy trading, only the steps taken are opposite to those observed by the trader. Copy trading itself is a common strategy used by traders by copying the trading positions of other traders. Through this mechanism, someone can choose which trader they want to copy and follow their position.
However, the trader with the address 0x2258 did not implement the strategy. Instead of following Wynn's position, he actually put his position in reverse. Lookonchain's report states that on May 24, 2025, when whale James Wynn put a long position on Bitcoin, he instead put a short position on BTC and Ethereum.
Position Opposite James Wynn Then on May 25, when Wynn closed his long Bitcoin position, the trader also closed his short position and made a profit of $1.36 million. “On May 25, when James Wynn switched from long to short and opened a short BTC position, trader 0x2258 entered long positions in BTC and ETH,” the report explained.
It didn't stop there, the activity continued on May 26, when James Wynn closed his Bitcoin short, the trader also closed his long position and made a profit of US$2.54 million.
Then on the same date, when Wynn went long Bitcoin again, trader 0x2258 went short BTC and ETH, with an unrealized profit of $1.7 million.
James Wynn has been popular in cyberspace lately. BeInCrypto reports that the whale nicknamed the “Hyperliquid 40x whale” has made 38 trades over the past 75 days in Hyperliquid (HYPE) with a win rate of 45%.
Wynn's activities began to attract attention on May 25. At that time, he closed a long BTC position worth US$1.2 billion and suffered a loss of US$13.39 million. But not long after, Wynn opened a short BTC position and gradually increased it to US$1 billion. #JamesWynn $BTC
In May 2010, a man named Laszlo Hanyecz in Florida agreed to trade 10,000 bitcoins for two jumbo-sized pizzas. The exchange was made with a 19-year-old college student named Jeremy Sturdivant. $BTC #BinancePizza
$VINE meme coin booming on X to increase many times $VINE is traded on DEX with liquidity of $4.8M and market cap of $230M with an increase of 270k in the last 24H will $VINE enter CEX or not.. well we'll wait later #memecoin🚀🚀🚀 $SOL