GameStop acquires 4,710 Bitcoin in its first-ever BTC purchase

Bitcoin

GameStop acquires 4,710 Bitcoin in its first-ever BTC purchase

• GameStop acquired 4,710 Bitcoin in a strategic shift to include crypto in its financial strategy.
• The company raised $1.5 billion through convertible notes for this Bitcoin purchase.

GameStop announced Wednesday that it had acquired 4,710 Bitcoin in its first-ever crypto purchase, officially joining a growing list of publicly traded companies embracing digital assets as part of their treasury strategy. The announcement was made on the companys official X page.

GameStop has purchased 4,710 Bitcoin. pic.twitter.com/gGdr0BRrAv

— GameStop (@gamestop) May 28, 2025

Earlier in April, GameStop raised $1.5 billion through a private offering of convertible notes, which it designated for Bitcoin purchases.

According to a SEC filing, the offering consisted of zero-interest convertible senior notes due 2030, including the full exercise of the initial purchasers option to acquire an additional $200 million in notes.

While GameStop‘s shares initially rose following the announcement last week, they have since declined, suggesting investor uncertainty about the company’s decision to hold Bitcoin as a treasury asset.