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]
Bessent’s bond-buyback plan fails to curb Treasury yields. Here's what it means for bitcoin and…
The Bridgewater founder says recent Treasury-market stress fits his long-running debt-crisis framework, though he still…
Bitcoin and crypto staged their strongest rally in months as Treasury intervention, regulatory moves and…
Treasury buybacks are not QE, analysts said, but the move helped pull long-term yields off…
ZEC traded above its January 2018 peak as futures volume hit billions of dollars and…
Bitcoin Magazine Smart Money Helping Support Bitcoin Rebound, Says Pantera Capital American investment firm Pantera…