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The purchase, GameStop’s first investment in bitcoin, was worth $512.6 million with bitcoin’s price of $108,837 Wednesday.

Shares of GameStop rose nearly 3% in premarket trading following the news. The meme stock is up about 12% this year. As of February 1, the company had amassed a $4.76 billion cash pile, according ...

The purchase, GameStop’s first investment in bitcoin, was worth $512.6 million with bitcoin’s price of $108,837 Wednesday.

The purchase, GameStop’s first investment in bitcoin, was worth $512.6 million with bitcoin’s price of $108,837 Wednesday.

GameStop drops nearly 11% despite initiating bitcoin buying plan with $500 million purchase By Yun Li, CNBC • Published May 28, 2025 • Updated on May 28, 2025 at 4:08 pm BOOKMARKER ...