GameStop announced on May 28, 2025, it purchased 4,710 Bitcoin, worth approximately $505 million, marking its first cryptocurrency investment.
The purchase signifies GameStop’s strategic shift to incorporate Bitcoin as a treasury reserve, leading to a 4% pre-market stock rise and highlighting interest in cryptocurrency as an asset.
GameStop Invests $505 Million in Bitcoin
GameStop, a renowned video game retailer, announced the purchase of 4,710 Bitcoin, valued at $505-513 million. This move comes after the board unanimously approved the revision of its investment policy to include Bitcoin as a treasury asset.
The decision to acquire Bitcoin is part of GameStop’s efforts to diversify its reserves. The acquisition was funded by proceeds from a private offering of $1.48 billion convertible notes, aiming to bolster the company’s long-term financial stability.
GameStop Shares Surge 4% Following Bitcoin News
GameStop shares increased by 4% in pre-market trading following the announcement. Market analysts view the investment as a bold step, potentially attracting new investors while positioning the company within the cryptocurrency sector.
This acquisition reflects a growing trend among public companies to hold Bitcoin as a treasury reserve. Analysts and investors are watching closely to see how this strategy impacts GameStop’s financial resilience amid its ongoing store closures and restructuring efforts.
“We have not set a maximum amount of Bitcoin we may accumulate, and may sell any Bitcoin we may acquire” – GameStop, Company
Comparison to MicroStrategy’s Bitcoin Strategy
The move mirrors other companies like MicroStrategy adopting Bitcoin as a reserve. Historically, such acquisitions have stirred stock performance and investment interest, aligning with broader market trends towards digital assets.
Experts from Kanalcoin suggest this investment could strengthen GameStop’s market appeal, offering potential returns. Historical data indicate that similar strategies previously benefited companies adapting to dynamic market shifts and innovations.
| Disclaimer: This website provides information only and is not financial advice. Cryptocurrency investments are risky. We do not guarantee accuracy and are not liable for losses. Conduct your own research before investing. |
