GameStop boss Ryan Cohen said Tuesday on CNBC’s Squawk Box that the company’s recent crypto play is strictly about protecting itself from inflation, not trying to copy other firms. “I look at it as a ...

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 ...

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

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 ...

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, 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.

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.

GameStop has acquired 4,710 bitcoins as a hedge, CEO Ryan Cohen has said, keeping capital allocation cautious amid wider funding plans.

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

GameStop shares slid Thursday after the video game retailer announced plans for a $1.75 billion convertible notes offering to potentially fund its new bitcoin purchase strategy.

Many users are focusing on GameStop's reported $500 million bitcoin purchase, as noted in recent financial news with some suggesting that this could position the company favorably in the digital ...

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 ...