{"id":130162,"date":"2025-05-28T12:15:32","date_gmt":"2025-05-28T12:15:32","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=130162"},"modified":"2025-05-28T12:15:32","modified_gmt":"2025-05-28T12:15:32","slug":"gamestop-officially-confirms-first-bitcoin-purchase-of-4710-btc","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=130162","title":{"rendered":"GameStop officially confirms first Bitcoin purchase of 4,710 BTC"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsGameStop, the US video game and consumer electronics retailer, has confirmed its first Bitcoin investment, acquiring 4,710 Bitcoin, according to a statement posted May 28 on the company\u2019s X account.<br \/>\nThe company did not specify how much it paid for the Bitcoin (BTC) or when the purchases were made. The amount purchased was worth around $513 million at the time of writing.<br \/>\nThe announcement is GameStop&#8217;s first publicly acknowledged Bitcoin purchase since the company disclosed plans to move into Bitcoin investment in March.<br \/>\nAt the time, GameStop said it would fund the Bitcoin purchase through debt financing and launched a $1.3 billion convertible notes offering.<br \/>\nSource: GameStopThe news comes after months of speculation that GameStop was exploring alternative assets, including cryptocurrencies.<br \/>\nGameStop (GME) stock shares have climbed amid the speculation, jumping 12% in March. February rumors helped fuel an 18% spike in GME stock prices.<br \/>\nAccording to TradingView, GameStop shares closed at $35 on May 27 and were trading at $36.30 in the pre-market at the time of publication. The stock is up around 30% in the past 30 days, with year-to-date gains of about 10%.<br \/>\nCointelegraph contacted GameStop for comment regarding its Bitcoin purchase but did not receive a response by the time of publication.<br \/>\nThis is a developing story, and further information will be added as it becomes available.<br \/>\nMagazine: Bitcoin vs. the quantum computer threat: Timeline and solutions (2025\u20132035)<a href=\"https:\/\/cointelegraph.com\/news\/gamestop-buys-bitcoin-4710-btc?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsGameStop, the US video game and consumer electronics retailer, has confirmed its first Bitcoin investment, acquiring 4,710 Bitcoin, according to a statement posted May 28 on the company\u2019s&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/130162"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=130162"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/130162\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=130162"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=130162"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=130162"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}