GameStop Buys 4,710 BTC, Confirms Entry Into Bitcoin Treasury Strategy

GameStop has officially confirmed its first-ever GameStop Bitcoin purchase, acquiring 4,710 BTC for approximately $513 million. The news, revealed via a company statement on X and a filing with the SEC, marks a strategic pivot for the U.S.-based video game retailer as it moves toward building a GameStop Bitcoin treasury.

The acquisition follows months of speculation and comes after GameStop hinted at a broader GameStop cryptocurrency investment strategy in March, when it announced plans to raise $1.3 billion through a convertible note offering. The funds were earmarked for purchasing digital assets, and today’s confirmation seals the company’s transition into the crypto space.

Although GameStop hasn’t disclosed the exact price paid per bitcoin or the timing of the transactions, at today’s prices, the 4,710 BTC would be worth over half a billion dollars. This move puts GameStop in the same league as companies like Strategy (formerly MicroStrategy), Metaplanet in Japan, and Brazil’s Meliuz, all of whom have recently expanded their BTC holdings.

The GameStop 4,710 BTC acquisition has already impacted the market. GameStop’s stock (GME) is up nearly 30% over the past month, fueled by both rumors and now confirmation of this GameStop crypto treasury strategy. Shares rose 18% earlier this year amid Bitcoin investment speculation and saw further gains following this announcement.

While some financial analysts remain skeptical of traditional retail firms entering crypto, others see it as a bold hedge against inflation and economic volatility. With this move, GameStop is no longer just a meme stock — it’s becoming a serious player in the corporate crypto treasury arena.

As the GameStop cryptocurrency investment narrative evolves, the company’s role in the digital asset space will be closely watched. For now, this GameStop Bitcoin purchase is a clear signal that crypto has moved beyond just tech firms and DeFi protocols—it’s entering the mainstream corporate balance sheet in a big way.

Editorial Note: This news article has been written with assistance from AI. Edited & fact-checked by the Editorial Team.

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