GameStop officially confirms first Bitcoin purchase of 4,710 BTC
GameStop’s 4,710 Bitcoin purchase marks the first publicly announced BTC purchase by the company since it disclosed plans to move into Bitcoin investment in March.
GameStop, the US video game and consumer electronics retailer, has confirmed its first Bitcoin investment, acquiring 4,710 Bitcoin for $513 million, according to an official statement posted May 28 on the company’s X account.
The announcement is the first publicly acknowledged Bitcoin (BTC) purchase by GameStop since the company disclosed plans to move into Bitcoin investment in March 2025.
At the time, GameStop said it would fund the Bitcoin purchase through debt financing and launched a $1.3 billion convertible notes offering.
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