Video game retailer GameStop (GME) has purchased 4,710 bitcoin, worth nearly $513 million at the time of writing. GameStop announced the purchase on X on Wednesday but did not offer further details about when the BTC were acquired or the price paid. The Grapevine, Texas-based company revealed its plans...

By James Van Straten (All times ET unless indicated otherwise) Since May 22, bitcoin (BTC) has been trading within a narrow 5% range between $106,600 and $111,700, despite a flurry of bullish developments, including the announcement that Trump Media will raise $2.5 billion through equity and bond sales to...

SharpLink Gaming, a prominent player in the gaming and technology sector, recently unveiled a strategic plan to allocate $425 million into Ethereum (ETH) reserves. This significant financial maneuver positions the company among notable institutions adopting cryptocurrency assets as part of their treasury strategies. The decision mirrors past instances seen...

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Almost two months after completing a massive $1.5 billion convertible stock offering to raise funds for BTC purchases, GameStop has announced its first bitcoin purchase, worth approximately a third of the entire amount raised. The company has now joined a growing number of entities that accumulate and store bitcoin...

Cactus Custody, the institutional custody arm of Matrixport, has integrated Ethereum (CRYPTO: ETH) staking vaults from Chorus One into its multi-chain wallet platform Cactus Link. The move comes at a time when Ethereum’s May 7 Pectra upgrade has expanded staking limits, optimized validator capacity and lowered transaction fees, making...

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From buying pizza to powering global finance, blockchain’s journey from obscure tech to real-world utility has only just begun....

GameStop’s Bitcoin acquisition signals a strategic shift, potentially influencing other retailers to explore cryptocurrency as a treasury asset. The post GameStop acquires 4,710 Bitcoin in its first-ever BTC purchase appeared first on Crypto Briefing....