GameStop has stopped buying Bitcoin since April. Moreover, X users noticed that Ryan Cohen, founder of GameStop, unfollowed ...

GameStop’s purchase of 4,710 bitcoin marks its first cryptocurrency purchase since the videogame retailer announced earlier this year that it would make bitcoin a treasury-reserve asset.

The move: GameStop stock jumped as much as 10% Friday morning to $28.97. The stock is down 8% year to date and is 76% below its record high, reached during the meme-stock craze of 2021. The chart: ...

This week, GameStop quietly updated its investment policy to include Bitcoin as a treasury reserve asset. With approximately $4.78 billion in cash—nearly 37% of its $12.9 billion market cap ...

GameStop's move echoes the actions of software maker Strategy, which has been stockpiling bitcoin for years. Last week, the company added $10.7 million of the cryptocurrency, adding to its ...

Bill Gross, a billionaire investor, won big by betting against GameStop and AMC. He plans to steer clear of the latest meme stocks.

advertisement 03-27-2025 NEWS GameStop shares fall after Bitcoin investment plan With the day’s losses, GameStop shares have dropped more than 23% this year.

GameStop published a press release last night to confirm its Bitcoin acquisition. Based on Bitcoin’s valuation around the time of the purchase, GameStop spent north of $500 million on the purchase.

Today, just over halfway through the year, GameStop is trading at about $220 per share -- up over 1,000% since January 1st -- while Bitcoin is hovering around $33,000, close to its Jan. 1 price.

If you haven’t heard of the GameStop fiasco, you’ve probably heard of bitcoin, a cryptocurrency that has skyrocketed in value in recent years. As of Sept. 10, one bitcoin is valued around $45,000.

GameStop’s decision to allocate to Bitcoin wasn’t just bold—it was structurally appropriate. High liquidity: With over $4.78 billion in cash and equivalents, GameStop’s balance sheet provides room for ...