GameStop Just Bought Half A Billion Worth Of Bitcoin

Eddie Makuch
5/28/2025

Video game retailer GameStop is a big believer in Bitcoin. The Grapevine, Texas-based company disclosed today, May 28, that it had purchased 4,710 Bitcoin. At the current trading rates, that's worth more than $510 million USD.Bitcoin is one of the world's most valuable, and volatile, assets. It's currently worth more than $2 trillion overall, which is ahead of the total market cap of Google's parent company Alphabet. The current price for one Bitcoin is about $108,000.GameStop's press release announcing the purchase of Bitcoin is a single sentence long, and there is no word on why GameStop did this or what its plans are. The announcement was not a surprise, though, as CNBC reported in February that GameStop was planning to buy cryptocurrencies. On May 27, US President Donald Trump reiterated his desire to create a "Bitcoin treasury."Continue Reading at GameSpot...

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