What to know:
- Well, bless my soul! GameStop, that purveyor of pixelated pleasures, has gone and bought itself 4,710 shiny bitcoins, worth a staggering $513 million—at least, that’s what the folks say today.
- In a move that would make even the most seasoned gambler raise an eyebrow, GameStop announced its grand plan to hoard bitcoins like a squirrel with acorns back in March, offering a whopping $1.3 billion in debt to fund this digital treasure hunt.
So, here we are, folks! GameStop (GME) has taken the plunge into the world of bitcoin, snagging 4,710 of those elusive coins for a cool $513 million—at least until the next price update rolls around.
They made the announcement on X this fine Wednesday, but curiously left out the juicy details about when they made this purchase or how much they actually paid. Perhaps they’re keeping that under wraps like a magician with a secret trick!
Hailing from Grapevine, Texas, this company has been busy plotting its bitcoin treasury strategy since March, and boy, did they go big or go home! They’re swimming in debt, but hey, it’s all for the love of BTC, right?
And wouldn’t you know it, the shares of GME jumped more than 4% in pre-market trading on this news, while bitcoin itself is just lounging around at a modest $108,000. Talk about a rollercoaster ride! 🎢
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2025-05-28 15:40