GameStop Dives into Bitcoin with $500 Million Investment
In an audacious move that blurs the lines between meme-stock theatrics and serious crypto ventures, GameStop has allocated $500 million to purchase bitcoin. This bold step signals a bridging of traditional trading with digital currency innovation, leaving market watchers both bemused and intrigued.
Bluesky: @craigipedia.bsky.social
Video game retailer GameStop has begun investing in bitcoin with a purchase of 4,710 bitcoin. It revealed the acquisition of the cryptocurrency on Wednesday.
The purchase, GameStop's first investment in bitcoin, was worth $512.6 million with bitcoin's price of $108,837 Wednesday.
GameStop, an ailing video game retailer and "meme stock," is pushing into the cryptocurrency sector.
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