GameStop Invests $505 Million in Bitcoin: A Strategic Move for the Future

GameStop, facing financial challenges due to the shift from physical to digital sales, has made a bold move by investing over $505 million in Bitcoin. CEO Ryan Cohen outlined this strategic decision during a session at the 2025 Bitcoin Conference, highlighting shifts in the company’s business strategy and investment foresight. The move is seen as a diversification tactic against inflationary pressures. Cohen explained that he took charge when GameStop was struggling financially and needed to control costs by implementing rigorous strategies for cost reduction.