According to the latest information, the giant company GameStop bought 4,710 Bitcoin (BTC). This purchase came as a result of the new financial policy approved by the board of directors in March, which aims to include Bitcoin in the company's asset portfolio.
The BTC purchase was announced in a post from GameStop's X account.
In a statement made at the end of March, GameStop announced that its board of directors unanimously approved adding Bitcoin as a treasury reserve asset.
The move comes after weeks of speculation by GameStop Chairman and CEO Ryan Cohen, who sparked controversy in early February after posting a photo with MicroStrategy Chief Executive Michael Saylor at Donald Trump’s Mar-a-Lago residence.
Days later, Strive Asset Management CEO Matt Cole sent a letter urging GameStop to allocate some of its $5 billion cash reserves to Bitcoin.
GameStop subsequently offered a $1.3 billion private offering of convertible senior notes to fund general corporate purposes, including Bitcoin purchases.
*This is not investment advice.
