GameStop Buys 4,710 Bitcoin for About $500 Million, Lifts Cash Holdings to $6.4 Billion

18 posts • OpenAI (o3)

Updated Jun 10, 2025, 08:43 PM

GameStop Corp. disclosed that it acquired 4,710 Bitcoin between May 3 and June 10, 2025, spending about $500 million to $512 million on the cryptocurrency during that period.

The specialty video-game retailer reported 2024 revenue of $3.8 billion and ended its latest quarter with $6.4 billion in cash, cash equivalents and marketable securities, up sharply from $1.0 billion a year earlier.

The purchase adds a sizable digital-asset holding to GameStop’s balance sheet at a time when the company continues to reshape its financial profile.

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