GameStop Invests $513 Million in Bitcoin, Joins Growing List of Corporate BTC Holders

Retail giant GameStop has made a major move into the world of cryptocurrency, acquiring 4,710 Bitcoin valued at approximately $513 million. The purchase was financed by a $1.5 billion convertible note offering dedicated to alternative assets, including cryptocurrencies. This marks the company’s first confirmed investment in Bitcoin since it announced its intention to adopt the digital asset as part of a treasury reserve policy.