Video game retailer GameStop has purchased 4,710 Bitcoin worth approximately $513 million, joining the trend of companies adding Bitcoin to their balance sheets.
GameStop's Bitcoin acquisition represents a strategic shift in corporate treasury management, following the lead of other companies.
Over 50 public companies have announced Bitcoin treasury programs in the first five months of 2025, with GameStop being the latest entrant.
The move boosted GameStop's shares by 4.4% in pre-market trading, and Bitcoin traded near $108,900 as the market reacts to this institutional development.