Online game retailer GameStop has bought 4,710 Bitcoin value roughly $513 million, marking one other main company entry into Bitcoin treasury holdings because the pattern of firms including Bitcoin to their steadiness sheets accelerates in 2025.
The corporate introduced the acquisition via X on Wednesday however didn’t disclose particular particulars about when the purchases had been made or the common value paid per coin. The transfer follows GameStop’s March announcement of plans to pursue a Bitcoin treasury technique, which included a $1.3 billion convertible senior notes providing to fund Bitcoin purchases.
GameStop’s Bitcoin acquisition represents a strategic shift in company treasury administration, following the playbook established by firms like Technique.
The acquisition comes amid a surge in company Bitcoin adoption, with over 50 public firms saying Bitcoin treasury applications within the first 5 months of 2025. Current entrants embrace 21 Capital, Try, H100 Group and extra.
The announcement pushed GameStop’s shares up 4.4% in pre-market buying and selling, whereas Bitcoin traded close to $108,900. The corporate reported $4.78 billion in money and marketable securities as of February 1, suggesting this Bitcoin funding represents roughly 10.7% of its liquid property.
The transfer follows related treasury diversification methods by different main companies, together with Tesla’s $1.25 billion Bitcoin holding and up to date bulletins from Trump Media and Know-how Group of plans to boost $2.5 billion for Bitcoin purchases.
At press time, Bitcoin trades at $108,900, down 0.68% over the previous 24 hours, because the market processes this vital institutional growth and its implications for broader company adoption of Bitcoin as a treasury asset.