menu
techminis

A naukri.com initiative

google-web-stories
source image

Bitcoinsensus

1w

read

220

img
dot

Image Credit: Bitcoinsensus

GameStop Enters Bitcoin—$500M Purchase Positions It Among Top Corporate Holders

  • GameStop recently made a significant entry into the Bitcoin market by purchasing 4,710 Bitcoins, amounting to around $500 million.
  • This purchase positions GameStop as one of the top corporate Bitcoin holders globally and the 11th largest among publicly traded companies.
  • The company raised $1.3 billion earlier this year through a convertible bond offering, providing the funds for strategic investments like this Bitcoin acquisition.
  • GameStop's move towards Bitcoin comes as part of its transformation from a struggling game retailer to a more diversified business model focusing on e-commerce, digital sales, and blockchain technology.

Read Full Article

like

13 Likes

For uninterrupted reading, download the app