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GameStop Buys 4,710 Bitcoin, Joins Growing List of Corporate Holders

  • GameStop purchased 4,710 Bitcoins for $513 million on May 28.
  • GameStop's stock has risen 30% over the past month and is trading at $36.30 in pre-market.
  • With this purchase, GameStop joins the growing list of corporate holders of Bitcoin, now numbering 113 public companies, with MicroStrategy leading with 580,000 BTC.
  • Other companies like Metaplanet, Blockchain Group, and Blackstone have also made significant Bitcoin investments recently, indicating a trend of corporations moving into the crypto market.

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