Breaking News: GameStop announces the purchase of 4,710 Bitcoins, with GME experiencing a big pump of over 25% this week.

Social platform X reported that GameStop purchased 4,710 bitcoins and was confirmed by the company. The move, aimed at asset diversification, has spurred GameStop's share price to rise significantly. (Synopsis: GameStop announces a 7% rise in "buying bitcoin as a company reserve", Michael Saylor: Welcome to the BTC revolutionary army) (Background added: GameStop( Game Station ) Considering investing in Bitcoin and other cryptocurrencies can become the next microstrategy? Game retailer GameStop (GME) today announced the purchase of 4,710 bitcoins on social platform X (, formerly known as Twitter) (Bitcoin) news, which spurred GameStop's share price to rise significantly by nearly 25% over the past week, hitting its highest level since mid-2022, and reigniting the discussion about corporate adoption of cryptocurrency strategies. GameStop said that the purchase of 4,710 bitcoins is aimed at diversifying the company's assets, strengthening its balance sheet and seeing bitcoin as a tool to fight inflation and preserve its value over the long term. It is reported that as of the end of the first quarter of 2025, GameStop has been profitable for three consecutive quarters, and the company has cash and about $4.78 billion, a significant increase from $1.2 billion in the same period last year. Capital Placement and Market Ripple Effects To support this Bitcoin investment, GameStop recently raised $1.5 billion through a bond sale and priced $1.3 billion in convertible senior notes, with a portion of the proceeds going toward the purchase of Bitcoin and general corporate purposes. GameStop's move also caused ripples in the cryptocurrency market, and in addition to the support of bitcoin prices, the price of a GameStop-related, Solana-based meme coin "GME" also soared by 50%. According to Bloomberg data, GameStop currently accounts for about 11.93% of short sales. Opportunities, Risks and Regulatory Challenges While GameStop's investment in Bitcoin has sparked market optimism, this strategy also comes with potential risks. The high volatility of the Bitcoin price may have an impact on a company's future financial performance. In addition, GameStop is subject to accounting standards and disclosure requirements for crypto asset holdings by regulatory bodies such as the U.S. Securities and Exchange Commission (SEC), adding to the complexity of compliance. Some analysts predict that if GameStop continues this strategy, its bitcoin holdings may increase to about 68,645 by 2032. GameStop's entry into the Bitcoin space is a bold attempt to seek asset appreciation and diversification in the context of core business transformation. Whether this strategy can bring long-term benefits to the company, and how to deal with the inherent risks and regulatory challenges of the crypto market, will continue to be the focus of investors in the future. Related Stories Want to buy bitcoin stocks? GameStop CEO posted a photo with Micheal Saylor, GME soared 9.7% in a single day GameStop short legend: How did a KOL lead retail investors and beat Wall Street bears to make $40 million? The History of the Demise of GameStop NFTs: Is the Entry of Traditional Companies into Cryptocurrencies a Profitable Business? GameStop announced the purchase of 4,710 bitcoins, GME soared more than 25% this week, and this article was first published in BlockTempo's "Dynamic Trend - The Most Influential Blockchain News Media".