GameStop Invests $500 Million in Bitcoin: Strategic Reserves Growing

GameStop, the popular video game retailer, has made its first official foray into the world of bitcoin. The company purchased approximately 4,710 BTC, a significant move that amounts to over half a billion dollars (roughly $500 million) based on current market prices. This purchase follows GameStop’s successful $1.5 billion convertible stock offering earlier this year which provided the necessary funds for strategic bitcoin acquisition. The company has now joined a growing list of businesses opting to incorporate Bitcoin into their investment strategies as part of their overall reserves.