Video game giant GameStop has made its mark in the world of cryptocurrency with a significant Bitcoin purchase. The company confirmed acquiring approximately 4,710 Bitcoins, estimated to cost around $513 million. This move signifies GameStop’s official entry into the Bitcoin market, weeks after it secured regulatory approval to incorporate Bitcoin as part of its treasury reserves. The company plans to utilize debt financing to fund this initial purchase. Notably, GameStop previously attempted a crypto-related venture in 2022 by launching wallets for managing digital assets and NFTs but discontinued the program due to regulatory hurdles. This latest foray underscores a broader trend of established corporations embracing digital assets like Bitcoin. The company’s shares experienced a slight decline following the announcement, with investors reacting cautiously. This news comes amid an active wave in corporate investment within the digital asset market, as witnessed by companies like MicroStrategy and Trump Media. Metaplanet, a Japanese investment firm, is also making headlines with its aggressive Bitcoin acquisition strategy, aiming to accumulate 10,000 BTC by 2025.