GameStop Buys $513 Million Worth of Bitcoin
Video game retailer GameStop has made a bold move by purchasing 4,710 Bitcoin, totaling approximately $513 million. This significant acquisition highlights the growing trend of companies adding Bitcoin to their balance sheets as a strategic financial hedge in 2025.
The announcement of GameStop’s Bitcoin purchase comes on the heels of their earlier plans, disclosed in March, to explore a Bitcoin treasury strategy. This strategy involved a substantial $1.3 billion convertible senior notes offering aimed at funding their Bitcoin acquisitions.
This move by GameStop aligns with the broader trend of corporate Bitcoin adoption, with more than 50 public companies unveiling Bitcoin treasury programs in the first five months of 2025. Notable recent additions to the list include 21 Capital, Strive, H100 Group, among others.
Following the news of GameStop’s Bitcoin buy, the company’s shares experienced a 4.4% surge in pre-market trading, while Bitcoin itself was trading close to $108,900. Considering GameStop had $4.78 billion in cash and marketable securities as of February 1, this Bitcoin investment represents around 10.7% of its liquid assets.
This strategic move by GameStop echoes the diversification strategies seen in other major corporations, such as Tesla’s $1.25 billion Bitcoin hold and the recent announcement from Trump Media and Technology Group detailing plans to raise $2.5 billion for Bitcoin acquisitions.
As of the latest update, Bitcoin’s price stood at $108,900, marking a slight 0.68% decrease over the past 24 hours. The market is processing this significant institutional development and its potential impact on broader corporate adoption of Bitcoin as a treasury asset.
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