GameStop Acquires 4,710 Bitcoin as Treasury Asset

On May 28, 2025, GameStop Corp. announced via Twitter the purchase of 4,710 Bitcoin, valued at $513 million, expanding its corporate treasury holdings as part of a strategic shift.

This move aligns GameStop with companies like MicroStrategy, indicating growing institutional interest in Bitcoin, despite initial stock volatility post-announcement.

GameStop Invests $513 Million in Bitcoin Treasury

GameStop has added Bitcoin to its assets following an investment policy update. The decision mirrors strategies by firms such as MicroStrategy and reflects GameStop’s broader transformation attempts.

GameStop acquired 4,710 BTC, worth $513 million, funded through a $1.3 billion convertible bond sale, signaling a committed shift into cryptocurrency investment.

GameStop’s Stock Volatility Following Bitcoin News

The Bitcoin purchase led to a pre-market stock surge for GameStop, followed by a 5.8% drop. Bitcoin prices remained stable, showing minimal immediate market impact. GameStop stated, “An initial surge in pre-market trading was followed by a pullback, with the stock down as much as 5.8% on the day of the announcement.”

Experts anticipate potential impacts on institutional Bitcoin perception. Historical trends suggest this may influence future corporate actions in cryptocurrency, supported by robust data on past similar moves.

Comparing GameStop’s Move to MicroStrategy’s Investment

GameStop’s approach echoes MicroStrategy’s 2020 Bitcoin investment, which saw significant stock price changes and heightened market attention, serving as a precursor for this current strategy.

Experts from Kanalcoin indicate that GameStop’s actions could possibly affect market confidence, suggesting a shift towards institutional cryptocurrency adoption, with historical trends supporting this potential outcome.

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