GameStop Buys 4,710 Bitcoins — Here’s Why Markets Are Watching

GameStop Corp. (NYSE:GME) shares surged Wednesday in premarket trading after the company announced the purchase of 4,710 Bitcoins (CRYPTO: BTC/USD), marking a significant step in its pivot toward digital assets.

This acquisition follows GameStop’s earlier decision to adopt Bitcoin as a treasury reserve asset, a move confirmed during its fourth-quarter earnings release.

As of May 27, 2025, the leading cryptocurrency briefly surged above $110,000 before retreating to the $108,000 range overnight. GameStop did not disclose the average purchase price of its 4,710 Bitcoins.

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