GameStop Buys 4,710 Bitcoin in $1.3 Billion Investment

GameStop, the US video game and consumer electronics retailer, has officially announced its first Bitcoin purchase, confirming multiple reports on kicking off BTC investment. The company has purchased 4,710 Bitcoin (BTC), as announced in its short official statement on X posted on May 28. This event marks the first publicly announced Bitcoin acquisition by GameStop since the company disclosed plans to move into Bitcoin investment in March 2025. At the time, GameStop mentioned that it planned to finance the purchase through debt financing and launched a $1.3 billion convertible notes offering.

The news comes months after online reports first suggested that GameStop was considering investment in alternative asset classes, including cryptocurrencies, in February 2025. This strategic move into Bitcoin investment signals a potential influence on other companies considering similar moves. The purchase underscores GameStop's commitment to diversifying its investment portfolio and exploring new avenues for growth in the rapidly evolving financial landscape. The company's decision to invest in Bitcoin reflects a broader trend among traditional businesses looking to capitalize on the potential of digital assets.

GameStop's entry into the Bitcoin market is a significant development, as the company has been known for its involvement in the meme stock phenomenon. This acquisition not only diversifies GameStop's investment portfolio but also positions the company as a forward-thinking entity in the financial sector. The move is likely to attract attention from other traditional businesses that may be considering similar investments in digital assets. The purchase of 4,710 Bitcoin is a substantial investment, indicating GameStop's confidence in the future of cryptocurrencies and its potential to drive growth and innovation.