GameStop Buys 4,710 BTC Worth $513M – Signals Confidence in Crypto

• GameStop dropped over half a billion on 4,710 Bitcoin, shifting hard into crypto reserves.
• More than 110 companies now hold Bitcoin; corporate buying frenzy reshapes early 2025 finance moves.

GameStop purchased 4,710 bitcoins to add to its balance sheet with a valuation of nearly $513 million. The huge investment is in line with the company’s previous announcement in March, when it outlined its move towards a Bitcoin treasury policy. The revelation made through an X post this Wednesday was, however, without details of the timeline for the buyout or the cost per coin.

GameStop has purchased 4,710 Bitcoin. pic.twitter.com/gGdr0BRrAv

— GameStop (@gamestop) May 28, 2025

With this step, GameStop is following a growing list of publicly listed companies that utilize Bitcoin as part of their capital plan. The firm had raised $1.3 billion for the plan via a convertible senior notes issue to fund the initiative, hinting at a conscious change in the way it handles its reserves. It is now aligned with other companies following the same trend.

The announcement of the investment had an immediate effect on the market mood. GameStop stock increased 4.4% in pre-market trading, and Bitcoin was trading at about $108,900. Financial reports from February 1 for the company indicated it had $4.78 billion in cash and marketable securities, so the Bitcoin buyout accounted for about 10.7% of such liquid assets.

Corporate Interest in Bitcoin Climbs Sharply in Early 2025

GameStop’s investment is part of the broader trend for publicly listed corporations to be turning to Bitcoin as a store of wealth. Over 50 listed companies have announced new Bitcoin treasury plans since the start of the year. 21 Capital, Strive, and the H100 Group are the newest to make the move for the sector, all with the investment now made as formal holdings.

We have seen a sharp jump in the corporate adoption of Bitcoin since January. As many as 113 listed companies had Bitcoin in their balance sheets during the latter part of May, an increase from 89 companies in the earlier month. Altogether, these companies now hold more than 800,000 Bitcoins with an estimated worth of about $88 billion.

GameStop’s move is similar to others, such as Strategy (formerly MicroStrategy), which also started buying Bitcoin in August 2020. The move has prompted a number of others to do the same, viewing digital assets as an enduring store of wealth and not a short-term speculation.

Trump Media’s $2.5 Billion Raise Signals Broader Interest

On May 27, the owner of Truth Social, the Trump Media and Technology Group, stated it had raised $2.5 billion to buy Bitcoin. The group had previously stated it had no such plans, but the latest affirmation brings an additional top-tier name to the list of companies that are embracing crypto strategies. They joined Tesla, which already had $1.25 billion worth of Bitcoin.

In other corners of the world, Japan’s Metaplanet and Brazil’s Meliuz are two of the companies that increased their Bitcoin positions this year, saying a new treasury management approach is the reason. GameStop’s move is part of the larger trend of rethinking traditional asset allocation.

Currently, Bitcoin is trading at the level of $107,230, having registered a minor fall of 2.30% over the last 24 hours. The fall is as the markets balance the broader implications of this wave of institutional involvement and how it might impact the use of Bitcoin in corporate finance.

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