GameStop Buys $513 Million Worth of Bitcoin
Bitcoin Magazine GameStop Buys $513 Million Worth of Bitcoin Video game retailer GameStop has purchased 4,710 Bitcoin worth approximately $513 million, marking another major corporate entry into Bitcoin treasury holdings...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Bitcoin Magazine
GameStop Buys $513 Million Worth of Bitcoin
Video game retailer GameStop has purchased 4,710 Bitcoin worth approximately $513 million, marking another major corporate entry into Bitcoin treasury holdings as the trend of companies adding Bitcoin to their balance sheets accelerates in 2025.
The company announced the acquisition via X on Wednesday but did not disclose specific details about when the purchases were made or the average price paid per coin. The move follows GameStop’s March announcement of plans to pursue a Bitcoin treasury strategy, which included a $1.3 billion convertible senior notes offering to fund Bitcoin purchases.
BREAKING: GAMESTOP PURCHASED 4,710 #BITCOIN pic.twitter.com/fDH9ctZJVP
— Bitcoin Magazine (@BitcoinMagazine) May 28, 2025GameStop’s Bitcoin acquisition represents a strategic shift in corporate treasury management, following the playbook established by companies like Strategy.
The purchase comes amid a surge in corporate Bitcoin adoption, with over 50 public companies announcing Bitcoin treasury programs in the first five months of 2025. Recent entrants include 21 Capital, Strive, H100 Group and more.
The announcement pushed GameStop’s shares up 4.4% in pre-market trading, while Bitcoin traded near $108,900. The company reported $4.78 billion in cash and marketable securities as of February 1, suggesting this Bitcoin investment represents approximately 10.7% of its liquid assets.
The move follows similar treasury diversification strategies by other major corporations, including Tesla’s $1.25 billion Bitcoin holding and recent announcements from Trump Media and Technology Group of plans to raise $2.5 billion for Bitcoin purchases.
At press time, Bitcoin trades at $108,900, down 0.68% over the past 24 hours, as the market processes this significant institutional development and its implications for broader corporate adoption of Bitcoin as a treasury asset.
This post GameStop Buys $513 Million Worth of Bitcoin first appeared on Bitcoin Magazine and is written by Vivek Sen.
Why this matters
This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on Bitcoin MagazineRelated market context
Bitcoin survives a 5.2% Treasury shock as traders slash $1.7 billion in leverage
Bitcoin is holding near $84,000 even as a historic US bond selloff pushes Treasury yields to decades-high levels. The benchmark 10...
US crypto ETFs draw over $3 billion this week, with nearly $800 million flowing beyond Bitcoin
US crypto exchange-traded funds have pulled in more than $3 billion this week as fresh demand spread beyond Bitcoin into Ethereum...
Bitcoin Treasury Strategy Proposes Daily Dividends For Preferred Stocks
Bitcoin Magazine Bitcoin Treasury Strategy Proposes Daily Dividends For Preferred Stocks Bitcoin treasury company Strategy wants t...
Circle Mints 250M USDC On Solana In Fresh Treasury Issuance
TL;DR An onchain transaction shows 250 million USDC minted on Solana by the stablecoin’s authorized minting infrastructure. The mi...
Strive preferred stock trades enough to buy 1,400 Bitcoin worth $117M
Strive's innovative use of perpetual preferred stock for Bitcoin acquisition could reshape corporate treasury strategies, minimizi...
Bitget’s hack just got $36 million bigger, and now there’s a bounty on the stolen crypto
Bitget has raised the estimated value of assets taken in its Sept. 24 breach to $387.5 million as exchanges and security firms mob...