GameStop Invests $513 Million in Bitcoin to Diversify Holdings Amidst Retailer Concerns

GameStop Corp., a major retailer of video games, has made a bold move by purchasing 4,710 Bitcoin for approximately $513 million. This marks the company’s foray into cryptocurrency as it seeks to diversify its holdings amidst declining sales and store closures. The investment comes at a time when the company is facing challenges in adapting to changing retail trends.