GameStop Buys $512M Worth of BTC For Bitcoin Treasury

Videoigara seller turned to Meme Stock Gamestop announced that he bought BitcoinCurrently, approximately $ 512 million is worth it.

Company twitter that he bought a 4,710 BTC, after he had Completed a $ 1.5 billion bids Convertible older notes investors in early April.

At that time, Gamestop stated that he was planning to use revenue to establish a corporate bitcoin treasury; Although not explicitly stated in the Wednesday edition, it is believed that $ 512.79 million is a bitcoin acquisition for this planned reserve.

In March, Gamestop Executive director Ryan Cohen hinted at In the plans of Bitcoin seller as he posed next to Strategy co -founder and executive President Michael Saylor, who founded a business model Public companies holding Bitcoin as assets.

As a result of the embrace of the Bitcoin Strategy, transformed from a software company for business intelligence at a middle -based company into a company with market capitalization of $ 101.76 billion, according to TraditionView. Gamestop seems to want to adopt a similar strategy, hoping for a comparable success.

This is a breaking story and will be updated soon.