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GameStop Buys 4,710 Bitcoin in First Crypto Investment

  • GameStop Corp., the U.S.-based video game retailer, has acquired 4,710 bitcoins as part of its entry into the cryptocurrency market.
  • Shares of GameStop surged over 4% following the news of the crypto investment, with the company confirming an unlimited Bitcoin buying plan as part of its growth strategy.
  • CEO Ryan Cohen pointed out the reasons behind the Bitcoin investment, citing factors like limited supply, decentralization, and international accessibility.
  • GameStop's move into Bitcoin reflects a larger trend of companies adding digital assets to their portfolios, signaling a strategic shift and belief in the future of cryptocurrencies.

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