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GameStop has bought 4,710 Bitcoin for its balance sheet, while Microsoft passed on the opportunity to buy Bitcoin in December. If Microsoft had invested 1% of its $78.4 billion cash balance into Bitcoin at the time, it could have added 7,978 BTC, worth $860 million today. This represents a potential profit of $76.5 million in five months, a gain of 9.8% on the money invested in Bitcoin.
GameStop, the US video game and consumer electronics retailer, has made its first Bitcoin purchase, acquiring 4,710 Bitcoin (BTC) for its balance sheet [1]. The company, which had previously disclosed plans to explore alternative investments, has not specified the cost or timing of the purchase. At the time of writing, the Bitcoin investment is worth approximately $513 million [1].
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