GameStop, the renowned US video game and consumer electronics retailer, has officially made its first foray into Bitcoin investment. Confirming reports circulating for months, GameStop announced on May 28 that it purchased 4,710 Bitcoin (BTC) through a short statement on X. The purchase marks the company’s first publicly acknowledged Bitcoin acquisition since announcing plans to explore Bitcoin investment back in March 2025. The retailer intends to finance this investment via debt financing and recently launched a $1.3 billion convertible notes offering. This news comes after online reports surfaced in February 2025 suggesting GameStop’s interest in alternative asset classes, including cryptocurrencies, as potential investments. This announcement coincides with significant growth for GameStop shares, surging by approximately 12% following the initial revelation of investment plans. The company saw a further 18% surge in stock value after speculation around Bitcoin investment fueled the market.