GameStop Invests $1.3 Billion in Bitcoin, Bolstering Treasury Holdings

Video game retailer GameStop has made a significant move into the world of digital assets by acquiring 4,710 bitcoins for its treasury, according to their X account (formerly Twitter). This strategic purchase, financed through $1.3 billion in debt, signifies GameStop’s transition towards an asset portfolio that includes Bitcoin. The company’s decision is aligned with a growing trend among corporations seeking to invest in digital assets.