<ul><li>GameStop announced the purchase of 4,710 bitcoin tokens, worth about $513 million, marking its first-ever crypto investment.</li><li>This move by GameStop is part of the trend where corporations are adding bitcoin to their balance sheets, following a bullish stretch for the cryptocurrency with fresh all-time highs.</li><li>GameStop first outlined plans to buy crypto in March and fulfilled its promise through a $1.3 billion convertible bond sale, resembling strategies of other firms like Strategy and Trump Media & Technology Group.</li><li>Corporate investments in crypto are becoming common, with companies like Tesla, Acurx Pharmaceutical, Riot Platforms, and even small firms like Metaplanet in Japan pivoting to become bitcoin holding companies.</li></ul>

GameStop just bought $500 million of bitcoin in its first-ever crypto investment

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