Video game retailer GameStop said Wednesday it acquired 4,710 bitcoin, according to a Form 8-K filing with the U.S. Securities and Exchange Commission. The company did not disclose the total amount spent on the purchase.
The bitcoin buy follows GameStop’s move to diversify its balance sheet. In March, the company’s board approved a policy to adopt bitcoin as a treasury reserve asset. The video game retailer raised $1.5 billion through convertible notes in April to fund the initiative.
GameStop now joins the ranks of public companies accumulating bitcoin for corporate reserves, including Strategy and Tokyo-listed Metaplanet. According to data from BitcoinTreasuries.net, more than 210 firms globally hold BTC, with Strategy leading the pack at over 576,000 coins.
GameStop’s stock (GME) rose 3% in U.S. pre-market trading after the disclosure, per Yahoo Finance.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Trade Crypto On Coinhub Exchange
Trade Crypto On Coinhub Exchange
Stay ahead of the market by turning news insights into trading opportunities. With Coinhub Exchange, you can seamlessly buy, sell, and manage your digital assets, all in one secure platform. Take advantage of real-time market insights, deep liquidity, and fast execution for your favorite cryptocurrencies. Don’t just read about it — trade crypto now!
Disclaimer
The content of this article shown by Coinhub News, powered by The Block, is for informational purposes only and should not be construed as financial, legal, tax, or investment advice. Coinhub News and its affiliates are not a licensed financial advisor, legal advisor, broker, or tax advisor, and ... should not be considered as professional advice or a recommendation to engage in any specific investment, legal decision, or financial transaction. Cryptocurrency markets are highly speculative and volatile. Readers should perform their own independent research and consult with a qualified professional before making any financial or legal decisions. The opinions expressed in this article are those of the author and do not necessarily represent the views or opinions of the Company of its affiliates. Additionally, the Company does not make any representations or warranties regarding the accuracy, timeliness, reliability, or completeness of any information in this article. By accessing this content, you acknowledge that any reliance on the information contained in this article is solely at your own risk. The Company is not responsible for any financial losses, legal disputes, or other damages that may arise from reliance on this content or from any investment or legal decisions based on the information provided. Investing in cryptocurrencies involves substantial risks, including the risk of losing your entire investment, and you should carefully consider whether it is appropriate for your circumstances.
Read more
