At recent prices, with bitcoin down 1.5% at $107,479, the total value of GameStop's purchase would be a little over $506 million. Meanwhile, GameStop's stock dropped 10.9% on Wednesday, after ...

Bitcoin traded between roughly $108,300 and $110,700 on Tuesday. Based on the approximate midpoint of $109,500, GameStop spent over $515.7 million on the bitcoin purchases.

GameStop shares are down more than 30% in 2025, compared with the S&P 500 index’s gain of 2.8%. GameStop hints at its next bitcoin buy. The stock is tumbling.© Scott Olson/Getty Images ...

Video game retailer GameStop has begun investing in bitcoin with a purchase of 4,710 bitcoin. It revealed the acquisition of the cryptocurrency on Wednesday.

Based on Bitcoin’s valuation around the time of the purchase, GameStop spent north of $500 million on the purchase. The company also released a video, in which CEO Ryan Cohen talks about the move.

The buy-and-hold strategy is taking hold with more companies. Aside from GameStop, Trump Media & Technology Group announced plans to raise $2.5 billion for a bitcoin treasury on Tuesday.

GameStop, the US video game and consumer electronics retailer, has confirmed its first Bitcoin investment, acquiring 4,710 Bitcoin, according to a statement posted May 28 on the company’s X account.

In a strategic repositioning, the GameStop CEO hints at a willingness to accept cryptocurrency in exchange of trading ...

GameStop's purchase of 4,710 bitcoin tokens occurred between May 3 and June 10, the company said in a statement.

GameStop's Ryan Cohen discusses turning the Nintendo Switch 2 'Staplegate' into a charitable win, the company's financial ...

GameStop announced on Wednesday that it bought 4,710 bitcoin, which is worth over $500 million at the time of the purchase. GameStop stock remains a bit inflated from where it was before the ...

GameStop is the latest company to buy Bitcoin for its balance sheet. Microsoft shareholders rejected a proposal to add Bitcoin in December. Live Sunday: Matt Maley’s Volatility Trading Plan for ...