{"id":29035,"date":"2025-05-28T14:32:13","date_gmt":"2025-05-28T14:32:13","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=29035"},"modified":"2025-05-28T14:32:13","modified_gmt":"2025-05-28T14:32:13","slug":"gamestop-confirms-purchase-of-4710-bitcoins-worth-over-half-a-billion","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=29035","title":{"rendered":"GameStop Confirms Purchase of 4710 Bitcoins Worth Over Half a Billion"},"content":{"rendered":"<div>\n<p>On 28 May 2025, popular American video game and electronics retailer GameStop <a href=\"https:\/\/twitter.com\/gamestop\/status\/1927679297252364502\" target=\"_blank\" rel=\"nofollow\">confirmed<\/a> the purchase of 4710 Bitcoins through a post on X. The company\u2019s first crypto investment, especially after Bitcoin\u2019s recent ATH, is worth over $512 million.<\/p>\n<p>The move comes after GameStop\u2019s board unanimously approved an update to its investment policy to add BTC as a treasury-reserve asset in February 2025.<\/p>\n<p>On 26 March 2025, the company stated its intention to use its $1.3 billion in private offering of convertible senior notes (that can later be swapped for company stock) \u201cfor general corporate purposes, including the acquisition of Bitcoin in a manner consistent with GameStop\u2019s Investment Policy.\u201d<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/search?q=%24GME&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">$GME<\/a> This 4,710 Bitcoin purchase make GameStop the 13th public company with the most Bitcoin in the world. <a href=\"https:\/\/t.co\/Y41uXV7bsZ\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/Y41uXV7bsZ<\/a><\/p>\n<p>\u2014 Han Akamatsu \u8d64\u677e (@Han_Akamatsu) <a href=\"https:\/\/twitter.com\/Han_Akamatsu\/status\/1927683266733043961?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">May 28, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><strong>Explore: <a href=\"https:\/\/99bitcoins.com\/news\/is-gamestop-the-new-strategy-everything-to-know-about-gme-bitcoin-reserve\/\">Is GameStop the New Strategy? GME BTC Reserve Details Drop<\/a><\/strong><\/p>\n<h2>GameStop CEO Ryan Cohen Follows In Michael Saylor\u2019s Footsteps<\/h2>\n<p>The market reacted positively as GameStop shares surged 4.3% in premarket trading. Currently GME is trading at $36.52.<\/p>\n<p>GameStop CEO Ryan Cohen is known to be a pro-Bitcoin head. Following in the footsteps of Strategy\u2019s Michael Saylor, Cohen also shared a picture with him in February 2025.<\/p>\n<p>Saylor bought billions worth of BTC. The most recent update, on 1 May 2025, is that Saylor has acquired 15,355 Bitcoins worth over $1.4 billion.<\/p>\n<p><span data-preserver-spaces=\"true\">Strategy is likely to continue buying more BTC, funded through a mix of Class A and Series A preferred share offerings. <\/span><span data-preserver-spaces=\"true\">With\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/bitcointreasuries.net\/entities\/microstrategy\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">over 553,000 BTC<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0under control, Strategy\u2019s purchase underscores its strong conviction in Bitcoin and belief that it will rally in the coming years.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">NEW: Michael Saylor met with GameStop CEO Ryan Cohen last night <img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.1.0\/72x72\/1f440.png\" alt=\"\ud83d\udc40\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">#Bitcoin<\/a> <a href=\"https:\/\/t.co\/YkSDDXBNJ7\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/YkSDDXBNJ7<\/a><\/p>\n<p>\u2014 Bitcoin Magazine (@BitcoinMagazine) <a href=\"https:\/\/twitter.com\/BitcoinMagazine\/status\/1888244196848353504?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">February 8, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">GAMESTOP CEO RYAN COHEN: \u201cI like looking where no one else is. That\u2019s where the best opportunities are.\u201d<\/p>\n<p>And you still think he\u2019s not stacking Bitcoin? <img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.1.0\/72x72\/1f440.png\" alt=\"\ud83d\udc40\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> <a href=\"https:\/\/t.co\/43axRAf4J5\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/43axRAf4J5<\/a><\/p>\n<p>\u2014 Simply Bitcoin (@SimplyBitcoinTV) <a href=\"https:\/\/twitter.com\/SimplyBitcoinTV\/status\/1925571262971334759?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">May 22, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><strong>DISCOVER:\u00a0<a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/high-risk-high-reward-crypto\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">7 High-Risk High-Reward Cryptos for 2025<\/a><\/strong><\/p>\n<p><span style=\"font-weight: 400\">    <\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h2 class=\"nnbtc-key-takeaways__title\">Key Takeaways<\/h2>\n<p><span style=\"font-weight: 400\">    <\/p>\n<ul class=\"nnbtc-key-takeaways__list\">\n        <\/ul>\n<p><\/span><\/p>\n<p><span style=\"font-weight: 400\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n         GameStop<\/li>\n<p><\/span><a href=\"https:\/\/twitter.com\/gamestop\/status\/1927679297252364502\" target=\"_blank\" rel=\"nofollow\"> <span style=\"font-weight: 400\">confirmed<\/span><\/a><span style=\"font-weight: 400\"> the purchase of 4710 Bitcoins worth over half a billion, through a post on X,<\/span><\/p>\n<p><span style=\"font-weight: 400\"><br \/>\n    <\/span><\/p>\n<p><span style=\"font-weight: 400\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n         <\/li>\n<p><\/span><span style=\"font-weight: 400\">The market reacted positively as GameStop shares surged 4.3% in premarket trading. Currently GME is trading at $36.52.<\/span><\/p>\n<p><span style=\"font-weight: 400\"><br \/>\n    <\/span><\/p>\n<p><span style=\"font-weight: 400\"><br \/>\n    <\/span><\/p>\n<p><span style=\"font-weight: 400\">    <\/span><\/p>\n<\/div>\n<p>    <\/span><\/p>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/gamestop-confirms-purchase-of-4710-bitcoins-worth-over-half-a-billion\/\">GameStop Confirms Purchase of 4710 Bitcoins Worth Over Half a Billion<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>On 28 May 2025, popular American video game and electronics retailer GameStop confirmed the purchase of 4710 Bitcoins through a post on X. The company\u2019s first crypto investment, especially after Bitcoin\u2019s recent ATH, is worth over $512 million. The move comes after GameStop\u2019s board unanimously approved an update to its investment policy to add BTC [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-29035","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/29035","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=29035"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/29035\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=29035"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=29035"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=29035"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}