GameStop Acquires $513 Million in Bitcoin, Furthering Crypto Investment

On May 28, 2025, GameStop Corporation announced the acquisition of 4,710 bitcoins, worth a significant sum of $513 million. This strategic investment marks a substantial shift in the company’s financial strategy, aligning with similar actions taken by firms like MicroStrategy. The move reflects a growing trend of institutional interest in Bitcoin despite initial stock volatility following the announcement.