GameStop Buys $500M in Bitcoin for Treasury

GameStop has purchased approximately 4,710 Bitcoin, valued at over $500 million, as part of a strategic shift to diversify its balance sheet and participate in the growing trend of corporate crypto adoption. The acquisition was funded by a $1.5 billion convertible notes offering completed in April. GameStop now joins companies such as MicroStrategy, Tesla, and Trump Media in holding significant Bitcoin reserves as a long-term value and inflation hedge. The announcement triggered immediate but volatile reactions in both GameStop shares and Bitcoin prices. Over 210 global corporations now reportedly hold Bitcoin, signaling increasing institutional interest. Industry observers at the 2025 Bitcoin conference highlighted this as evidence of the expanding role of digital assets in traditional treasury management.