GameStop’s latest announcement reveals that the company has purchased over $500 million worth of Bitcoin today.
GameStop Invests in Bitcoin
According to GameStop’s latest post on X (formerly Twitter), the company has purchased 4,710 Bitcoins. Per today’s rate, a Bitcoin is worth $108,920 at the time of writing. Multiply that by 4,710, and you realise that the company has invested $513,132,080 in the cryptocurrency.
GameStop’s stock is on the rise, too, recording its highest price for 2025 today. At the time of writing, GameStop Corp’s stock is $35.01 ($36.50 pre-market), a 5.96% increase over the past day and a 11.71% increase year-to-date (via Google Finance). The company observed a similar rise in stock in January 2025; however, today’s price is the highest it’s been for this year.
At the same time, Bitcoin’s price has been steadily increasing, experiencing a 16.40% increase year-to-date (via Google Finance). However, its price has fallen ever so slightly in the past couple of days, dropping to $108,920 today from $111,681 last week, which was also this year’s highest recorded price.
On the topic of GameStop, the company was silently shutting down more United States stores at the beginning of this year. Additionally, a recent claim stated that most GameStop stores will have 100 Switch 2s at launch. What are your thoughts on GameStop purchasing half a billion dollars worth of Bitcoin? Let us know below, and join the official Insider Gaming forums discussion.
For more information from Insider Gaming, read about some people getting their hands on a Nintendo Switch 2 early. Don’t forget to sign up for our weekly newsletter.
