Key dealers
- Gamestop acquired 4,710 bitcoin in a strategic change to include crypto in its financial strategy.
- The company collected $ 1.5 billion through convertible notes for this Bitcoin purchase.
Gamestop announced Wednesday that it had acquired 4,710 Bitcoin in its first crypto purchase ever, and officially joined a growing list of listed companies that include digital assets as part of their financial strategy. The announcement was made on the company’s official X page.
Gamestop has purchased 4,710 bitcoin. pic.twitter.com/ggdr0brrav
– Gamestop (@gamestop) May 28, 2025
Bitcoin saw a modest at the top of the announcement. From the press time, the crypto supply was about $ 108,800 and valued Gamestop’s holding at about $ 512 million. The company did not reveal the average purchase price for its Bitcoin stash in its May 28 File with sec.
Earlier in April, Gamestop collected $ 1.5 billion Through a private offer of convertible notes, which it was selected for Bitcoin purchases.
According to a SEC archive, the offer consisted of zero-interest convertible leading banknotes because of 2030, including the full exercise of the first buyer’s option to acquire an additional $ 200 million in notes.
This is a developing story.