GameStop Purchases Over $500M Worth of Bitcoin
Video game retailer GameStop (GME) has purchased 4,710 bitcoin, worth nearly $513 million at the time of writing.
GameStop announced the purchase on X on Wednesday but did not offer further details about when the BTC were acquired or the price paid.
The Grapevine, Texas-based company revealed its plans to pursue a bitcoin treasury strategy in March, offering $1.3 billion in debt to raise the funds for BTC acquisition.
The shares of GME rose more than 4% in U.S. pre-market trading on the news, while bitcoin price remained subdued around $108,000.
Read MoreCoinDesk: Bitcoin, Ethereum, Crypto News and Price Data[#item_full_content]
Recent Posts
Crypto Daybook Americas: Bitcoin Dominance Tops 64% While Options Indicate Bullish Tilt
By James Van Straten (All times ET unless indicated otherwise) Since May 22, bitcoin (BTC)…
Ether Favored Over Bitcoin by Big Money, Here Are 3 Clues That Point to ETH Bias in Crypto Market
The futures and options market, a proxy for big money, is increasingly backing ether ETH…
Bitcoin Could Explode On Bessent’s $250 Billion Deregulation Shock
US Treasury Secretary Scott Bessent has signalled that the long-debated overhaul of banks’ supplementary leverage…
GameStop Buys $513 Million Worth of Bitcoin
Bitcoin Magazine GameStop Buys $513 Million Worth of Bitcoin Video game retailer GameStop has purchased…
Trump Media’s Stock Drops Despite $2.5 Billion Bitcoin Treasury Announcement
Trump Media (TMTG) announced that it has successfully raised $2.5 billion from institutional investors, marking…
Bitcoin Ordinals Can Now Be Bridged to Cardano Through BitVMX
Cardano has continued to advance its credentials as a venue for Bitcoin Defi (BTCFi), facilitating…