GameStop Invests $513 Million in Bitcoin, Signaling Diversification Strategy

In a move that signals its dedication to diversification, GameStop announced the acquisition of 4,710 bitcoins for $513 million on May 28th, 2025. This strategic purchase marks the company’s first foray into cryptocurrency and positions it as a leader in exploring new financial avenues amid challenges within the digital market. GameStop shares surged by approximately 4.4% following the announcement.