GameStop has officially announced its initial Bitcoin investment, acquiring 4,710 Bitcoin. The company did not disclose the purchase amount or timing but the value was approximately $513 million. This move follows GameStop's previous plans to venture into Bitcoin investment through debt financing. Additionally, US Representative Bryan Steil expressed concerns about irrelevant clauses in crypto bills, hindering regulatory progress. Steil emphasized the need to focus on establishing a regulatory framework for the industry without distractions. Meanwhile, Trump Media confirmed a $2.5 billion capital raise for Bitcoin acquisition after initially denying such reports. The capital raise includes a stock sale and convertible bonds, aiming to close by May 29. TMTG CEO Devin Nunes clarified the company's stance amidst earlier speculations. Overall, these developments highlight the evolving landscape of cryptocurrency investments and regulatory discussions in the current market. Read more AI-generated news on: https://app.chaingpt.org/news

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