GameStop Bets Big on Bitcoin with $500 Million Investment
In a significant strategic pivot, GameStop has announced its first major foray into the cryptocurrency space with a purchase of 4,710 bitcoins, valued at over $500 million. The move, revealed on Wednesday, marks the company’s adoption of Bitcoin as a treasury reserve asset, aligning itself with a growing number of
GameStop CEO Ryan Cohen Buys $10M in Shares After Bitcoin Investment Plan
Ryan Cohen, CEO and chairman of GameStop (NYSE: GME), has significantly increased his stake in the company, purchasing an additional 500,000 shares for approximately $10.78 million. The move comes just days after the company confirmed its plans to allocate a portion of its capital reserves into bitcoin (BTC). The purchase,
