GameStop officially confirms first Bitcoin purchase of 4,710 BTC
GameStop, the US video game and consumer electronics retailer, has officially announced its first Bitcoin purchase, confirming multiple reports on kicking off BTC investment.
GameStop has purchased 4,710 Bitcoin (BTC), the company announced in its short official statement on X posted on May 28.
The event marks the first publicly announced Bitcoin acquisition by GameStop since the company disclosed plans to move into Bitcoin investment in March 2025.
At the time, GameStop mentioned that it planned to finance the purchase through debt financing and launched a $1.3 billion convertible notes offering.
The news comes months after online reports first suggested that GameStop was considering investment in alternative asset classes, including cryptocurrencies, in February 2025.
Amid the news on GameStop’s Bitcoin investment plans in March, GME shares showed significant growth, jumping 12%. Previous BTC investment speculation fueled an 18% spike in GME.
According to TradingView, GameStop shares closed at $35 on May 27 and were up to $36.3 on pre-market by publishing time. The stock is up around 30% in the past 30 days, with year-to-date gains of roughly 10%.
This is a developing story, and further information will be added as it becomes available.
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