GameStop Purchased 4,710 Bitcoin (BTC)

GameStop Corp. (NYSE: GME) has bought 4,710 Bitcoin, accelerating the videogame retailer’s pivot into digital assets.

At the current market price of about $108,800 per BTC, the stack is worth roughly $512 million.

GameStop announced the purchase on May 28, without revealing specific information. The move makes GameStop one of the larger publicly listed Bitcoin holders, though still well behind MicroStrategy and Tesla, and follows the company’s earlier forays into NFTs and its self-custody wallet launch.

Market observers will be watching whether the retailer, whose core business remains under pressure, adopts a MicroStrategy-style accumulation playbook or treats this as a one-off treasury allocation.

This is a developing story and will be updated as more information becomes available.