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- 📢 Gate Square #TopContentChallenge# is coming! Post high-quality content and win exclusive rewards!
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- 🎊 ETH Deposit & Trading Carnival Kicks Off!
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- 🧠 #GateGiveaway# - Crypto Math Challenge！
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- 🎉 [Gate 30 Million Milestone] Share Your Gate Moment & Win Exclusive Gifts!
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GameStop invested $513 million to acquire 4,710 Bitcoins.
Gate News bot message, video game retailer GameStop disclosed in company filings submitted on May 28 that the company purchased 4,710 Bitcoins, worth approximately $513 million, but did not specify the timing of the purchase.
This marks GameStop's first foray into the Bitcoin market, with a strategy similar to companies like Strategy (formerly known as MicroStrategy).
As of February 1, GameStop reported total cash, cash equivalents, and marketable securities of $4.78 billion. Following the announcement, GameStop's stock price rose 4.4% in pre-market trading.
Source: Tech in Asia