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GameStop Buys 4,710 BTC Worth $513M – Signals Confidence in Crypto

  • GameStop purchased 4,710 bitcoins worth $513 million, joining over 110 companies holding Bitcoin.
  • The investment aligns with GameStop's shift towards a Bitcoin treasury policy, following a trend of companies utilizing Bitcoin in their capital strategies.
  • GameStop's move boosted its stock by 4.4% in pre-market trading, with Bitcoin trading at around $108,900.
  • This investment ties into a broader trend of corporate interest in Bitcoin, with over 113 listed companies holding more than 800,000 Bitcoins worth around $88 billion.

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