Catenaa, Sunday, June 08, 2025- GameStop has purchased 4,710 bitcoin as part of its new corporate treasury strategy, the company disclosed Wednesday in a regulatory filing.
The acquisition, revealed in a Form 8-K filing with the Securities and Exchange Commission, aligns with GameStop’s previously announced plan to adopt bitcoin as a treasury reserve asset.
While the company did not specify the exact purchase price, with bitcoin trading near $109,080 on May 28, the holding is estimated to be worth approximately $513 million.
The move marks a significant shift for the video game retailer as it seeks to diversify its balance sheet and modernize its capital management. In April, GameStop raised $1.5 billion through a convertible note offering, earmarking the proceeds in part for bitcoin purchases.
GameStop joins a growing number of publicly traded companies adopting bitcoin for corporate reserves. Among them are Strategy, formerly known as MicroStrategy, which leads corporate holdings with more than 576,000 BTC, and Japan’s Metaplanet.
According to BitcoinTreasuries.net, more than 210 companies worldwide now hold bitcoin on their balance sheets.
Following the announcement, GameStop shares (GME) rose 3% in U.S. pre-market trading, reflecting investor response to the firm’s evolving financial strategy.
The company’s bitcoin play adds to a broader trend of corporate adoption as digital assets gain credibility amid inflation concerns and shifting monetary policies.
This acquisition further positions GameStop within the expanding ecosystem of traditional firms integrating cryptocurrency into long-term capital planning.
