US EditionGameStop purchases more than $500 million in bitcoin in first crypto push
- GameStop, a video game retailer led by CEO Ryan Cohen, announced on May 28, 2025, that it purchased 4,710 bitcoins worth about $513 million.
- Following the board’s unanimous decision in March to incorporate bitcoin into its treasury assets, the company raised $1.5 billion by issuing convertible notes to fund its cryptocurrency investments.
- GameStop’s move echoes a strategy by software company MicroStrategy, which became the largest corporate bitcoin holder by buying billions in recent years.
- Shares of GameStop surged nearly 3% in premarket trading after the announcement, while bitcoin traded near $108,837 on May 27, 2025.
- This bitcoin acquisition marks a strategic shift highlighting increasing corporate adoption of crypto, which analyst Gautam Chhugani calls “a solid sign of confidence in crypto's ability to generate future value.
72 Articles
72 Articles
ANALYSIS. Donald Trump's listed company, the game store Gamestop and Japanese love hotels. All three have taken their new strategy from the stock market favorite Microstrategy: borrow money and buy bitcoin. Enthusiasts see a stock market rocket – critics warn of a crash.
GameStop Drops 10.9% After Bitcoin Buy
US stocks closed lower on Wednesday, a day after leaping back within a few good days' worth of gains from their all-time high. The S&P 500 fell 32.99 points, or 0.6%, to 5,888.55. The Dow Jones Industrial Average fell 244.95 points, or 0.6%, to...
The video game retailer bought 4,710 bitcoins valued at over $500 million
GameStop buys over $500M worth of bitcoin in 1st crypto investment
GameStop is investing in bitcoin.On Wednesday, the video game retailer disclosed an acquisition of 4,710 bitcoin.It marks GameStop’s first time buying the cryptocurrency following the company revising its investment policy to include bitcoin as a "treasury reserve asset." The 4,710 bitcoin that GameStop bought had a value of $505 million as of Wednesday. GAMESTOP TO CLOSE ‘SIGNIFICANT NUMBER' OF STORES IN 2025, INVEST IN BITCOINThe purchase com…
Coverage Details
Bias Distribution
- 39% of the sources lean Left, 39% of the sources are Center
To view factuality data please Upgrade to Premium
