GameStop’s Bold $500M Bitcoin Bet: A Strategic Leap into Digital Assets

In a landmark MOVE underscoring corporate confidence in Bitcoin, GameStop has allocated over $500 million to acquire 4,710 BTC, leveraging recent debt issuance proceeds. This strategic treasury pivot signals growing institutional adoption amid Bitcoin’s current price of $108,783.39 (as of May 28, 2025).

GameStop Allocates Over $500M to Bitcoin Treasury Strategy

GameStop has made a decisive move into digital assets with its purchase of 4,710 bitcoin, valued at approximately $513 million. The video game retailer disclosed the acquisition via social media, though specifics regarding timing and purchase price remain undisclosed.

The Texas-based company had telegraphed this strategic pivot in March, securing $1.3 billion through debt issuance explicitly for Bitcoin procurement. Market reaction saw GME shares climb 4% in pre-market trading, while bitcoin’s price held steady near $108,000.

This substantial allocation underscores growing corporate interest in cryptocurrency as a treasury asset, following similar moves by MicroStrategy and Tesla. The purchase represents a bold bet on bitcoin’s long-term value proposition amid ongoing market volatility.

GameStop Buys $512M in Bitcoin, Joins Crypto Elite

GameStop has made a decisive entry into the cryptocurrency market with a $512 million Bitcoin purchase, acquiring 4,710 BTC. The move positions the gaming retailer alongside major corporate holders like MicroStrategy and Tesla. Bitcoin was trading near $108,800 at the time of the announcement, though GameStop’s exact purchase price remains undisclosed.

The acquisition was funded through $1.5 billion in convertible notes issued in April, with investors demonstrating strong demand that prompted an additional $200 million raise. GameStop had explicitly stated its intention to allocate these funds toward bitcoin purchases in regulatory filings.

This strategic pivot reflects GameStop’s broader diversification efforts beyond its core video game business, following previous forays into NFTs and crypto wallet development. The announcement briefly buoyed Bitcoin’s market sentiment, though the company’s long-term crypto strategy remains unclear.

Robinhood CEO Foresees AI-Driven Single-Person Companies Mirroring Bitcoin’s Genesis

Robinhood CEO Vlad Tenev envisions a future where artificial intelligence enables the rise of single-person enterprises, drawing parallels to Bitcoin’s creation by the pseudonymous Satoshi Nakamoto. Speaking at the Bitcoin 2025 conference, Tenev emphasized AI’s potential to reduce resource barriers, allowing individuals to manage complex projects autonomously through generative tools and automation.

The model could extend to tokenized business structures on blockchain platforms, where ownership and economic activity are represented as tradable digital assets. This convergence of AI and blockchain may democratize entrepreneurship, with AI handling operational tasks like marketing and financial management—effectively reshaping traditional venture scaling.