Key Takeaways:
- GameStop has confirmed the purchase of 4,710 BTC for $513 million, marking its first official Bitcoin acquisition.
- The investment was funded through a $1.3 billion convertible notes offering announced in March.
- GameStop’s stock has risen 30% in the past month, driven partly by ongoing crypto speculation.
GameStop has officially entered the cryptocurrency market by acquiring 4,710 Bitcoin worth approximately $513 million.
The announcement was made via the company’s X account on May 28, marking its first confirmed Bitcoin purchase.
GameStop has purchased 4,710 Bitcoin. pic.twitter.com/gGdr0BRrAv
— GameStop (@gamestop) May 28, 2025
This move follows GameStop’s March disclosure of plans to diversify into alternative investments, funded by a $1.3 billion convertible notes offering.
The acquisition confirms months of speculation surrounding the company’s interest in digital assets, speculation that had already influenced its stock performance.
GameStop (GME) shares rose 12% in March when crypto involvement was first reported, following an 18% jump in February driven by early rumors.
As of May 27, GME closed at $35 and was trading at $36.30 in pre-market activity, reflecting a 30% gain over the past month and a 10% rise year-to-date.
The Bitcoin investment represents a significant strategic shift for the U.S.-based video game and electronics retailer, which has been seeking new growth avenues amid changing market dynamics.
This bold move places GameStop among a growing list of companies embracing cryptocurrency as part of their treasury strategy.
About The Author
Adam Morris, the co-founder of Crypto Head and a respected crypto expert, offers insightful commentary and analysis on cryptocurrency, NFTs, and the evolving digital landscape.
His extensive experience and features in top-tier publications like Forbes and CNN underscore his deep understanding of the crypto world and its future potential.
Check Adam out on: