Home » Bitcoin » GameStop acquires 4,710 Bitcoin in its first-ever BTC purchase, stock surges pre-market
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May. 28, 2025
The long-anticipated move came after the company raised $1.5 billion for its Bitcoin reserve plan.
Key Takeaways
- GameStop acquired 4,710 Bitcoin in a strategic shift to include crypto in its financial strategy.
- The company raised $1.5 billion through convertible notes for this Bitcoin purchase.
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GameStop announced Wednesday that it had acquired 4,710 Bitcoin in its first-ever crypto purchase, officially joining a growing list of publicly traded companies embracing digital assets as part of their treasury 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 uptick following the announcement. As of press time, the crypto asset was trading at around $108,800, valuing GameStop’s holdings at roughly $512 million. The company did not disclose the average purchase price of its Bitcoin stash in its May 28 filing with the SEC.
GameStop’s stock (GME) surged over 5% in pre-market trading today after the video game retailer confirmed its Bitcoin acquisition, according to Yahoo Finance data.
Earlier in April, GameStop raised $1.5 billion through a private offering of convertible notes, which it designated for Bitcoin purchases.
According to a SEC filing, the offering consisted of zero-interest convertible senior notes due 2030, including the full exercise of the initial purchaser’s option to acquire an additional $200 million in notes.
This is a developing story.
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