<ul><li>GameStop made a significant Bitcoin purchase of 4,710 BTC worth $513 million, using proceeds from a $1.4 billion convertible notes sale in March.</li><li>This marks GameStop's first foray into holding cryptocurrency, expanding beyond its traditional video game retail business.</li><li>The move initially boosted GameStop's stock price, increasing around 28% over the past month, but its core retail business faces challenges with a 25% revenue drop.</li><li>While the Bitcoin investment holds potential, the debt-funded purchase raises concerns about risks, including potential dilution of shares and financial strain amidst declining retail sales.</li></ul>

GameStop Diversifies With 4,710 Bitcoin—Smart Hedge Or Risky Play?

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