GameStop has officially revealed the acquisition of 4,710 Bitcoin. The disclosure came via a post on the company’s official X account on May 28th.
GameStop has purchased 4,710 Bitcoin. pic.twitter.com/gGdr0BRrAv
— GameStop (@gamestop) May 28, 2025
While the announcement did not disclose the total cost or exact timeline of the transactions, the Bitcoin haul was valued at approximately $513 million at the time of the update.
This confirmation follows GameStop’s March declaration of its intent to diversify into Bitcoin.
The company had outlined plans to finance the move through debt, unveiling a $1.3 billion convertible notes offering as part of the strategy.
Speculation about GameStop’s interest in Bitcoin had circulated for months prior to this announcement.
Investor enthusiasm previously boosted GameStop’s stock, with GME shares rising 18% in February on early rumors and gaining another 12% in March. However, the stock closed down 10% today.