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GameStop Joins Strategy and Buys Over $500 Million Worth of Bitcoin

  • GameStop has announced its first bitcoin purchase, buying 4,710 BTC worth over $500 million.
  • The company has joined a growing number of entities that store bitcoin as part of their strategic reserves.
  • GameStop's official statement lacks details on when the purchase was completed and at what average price.
  • This move aligns GameStop with other companies like Strategy that consistently disclose their bitcoin purchases and holdings.

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