GameStop Buys 4,710 Bitcoin Worth About $500 Million; Shares Gain 6% Pre-Market

GameStop Corp. said on Wednesday it has purchased 4,710 Bitcoin, an amount worth roughly $500 million at prevailing market prices, in its first move to add the cryptocurrency to its corporate treasury.

The video-game retailer disclosed the transaction in a regulatory filing, describing the purchase as part of a strategy to deploy excess cash and diversify its balance sheet beyond traditional instruments.

Investors reacted positively. GameStop shares climbed about 5.6 % in US pre-market trading to around $37.29, building on a 26 % advance over the past week that had been driven by speculation about a potential Bitcoin acquisition.

By adding Bitcoin to its reserves, GameStop joins companies such as MicroStrategy and Tesla that have adopted the digital asset as a store of value, underscoring wider corporate interest in cryptocurrencies.

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