GameStop bought $500 million of bitcoin

Photo credit: Worldspectrum via Pexels. Article by Amanda Silberling. TechCrunch – May 28, 2025.

GameStop announced on Wednesday that it bought 4,710 bitcoin, which is worth over $500 million at the time of the purchase. The video game retail chain has struggled to stay relevant in a time when digital gaming purchases are increasingly popular — plus, the company took on a new kind of notoriety when it unwittingly became the center of a short squeeze in 2021. […]

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