<ul><li>GameStop purchased 4,710 BTC for over US$500 million, causing a 12% stock drop despite initial investor excitement and alignment with Strategy’s Bitcoin strategy.</li><li>GameStop's move follows a trend of public companies investing in digital assets or entering blockchain spaces to stay relevant.</li><li>CEO Ryan Cohen views the Bitcoin purchase as a safeguard against global economic uncertainties, emphasizing Bitcoin's portability, verifiability, and scarcity.</li><li>GameStop's stock fell by 12% after confirmation of the BTC purchase, ending the day at US$31.21; the move had been anticipated since February.</li></ul>

GameStop Price Takes Hit as Firm Drops Half-Billion on Bitcoin

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