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Image Credit: Kotaku

GameStop Just Bought Half A Billion Dollars Worth Of Bitcoin

  • GameStop has purchased over 4,500 Bitcoin, estimated to be at least $500 million, causing a drop in stock prices.
  • Earlier this year, GameStop announced plans to invest $1.3 billion in cryptocurrency and added Bitcoin as a treasury reserve asset.
  • The announcement received mixed reactions with confusion and bemusement from the public.
  • Analysts critique GameStop's strategies, mentioning accelerated store closures and lack of specificity in plans.

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