Gamestop (GME) Becomes Bitcoin Treasury Company With $513,390,000 BTC Purchase

Bitget App

Trade smarter

Bitget

News

Daily Hodl2025/05/27 16:00

By:by Daily Hodl Staff

GameStop (GME) has just added a massive amount of Bitcoin ( BTC ) to its balance sheet as a treasury reserve asset.

The video game retailer, which became a viral sensation among traders in 2021, has announced that it has purchased 4,710 Bitcoin, valued at $513.4 billion at time of writing.

GameStop is now the 13th largest holder of Bitcoin among publicly-traded companies.

Strategy (formerly known as MicroStrategy) owns the largest Bitcoin corporate treasury in the world, with 580,250 BTC worth more than $62 billion at time of writing.

GameStop’s BTC purchase comes less than two months after its board voted to become a Bitcoin treasury company, as part of the firm’s strategy to use its liquidity to maximize shareholder value.

Said GameStop at the time,

“On March 25, 2025, we announced that, as part of our revisions to the Investment Policy, the Board approved the addition of Bitcoin as a treasury reserve asset, alongside US dollar-denominated stablecoins, to diversify the Company’s investment portfolio… a portion of our cash or future debt and equity issuances may be invested in Bitcoin. We have not set a maximum amount of Bitcoin we may accumulate, and may sell any Bitcoin we may acquire.”

A new report by the crypto asset manager Bitwise shows that publicly-traded companies are increasingly investing in Bitcoin, with collective holdings increasing from 394,131 to 786,857 BTC over the six-month period from November 15th, 2024 to May 15th, 2025.

Follow us on X , Facebook and Telegram

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Surf The Daily Hodl Mix

Generated Image: Midjourney

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.

APR up to 10%. Always on, always get airdrop.

Lock now!

Share link:In this post: The House of Commons and the House of Lords are in disagreement over the AI bill and what it stands for. Beyond AI, there are arguments that the bill will have a negative impact on the livelihoods of content creators. The bill seeks to clarify how AI systems can use existing data for their models.

Cryptopolitan•2025/06/02 14:25

Taiwanese crypto exchange ‘BitoPro’ admits to $11.5M exploit after ZachXBT report

Share link:In this post: On-chain detective ZachXBT alleged that Taiwan’s crypto exchange BitoPro was likely hacked on May 8, resulting in a loss of roughly $11.5M. Suspicious fund outflows occurred from its hot wallets on Tron, Ethereum, Solana, and Polygon, and the assets were sold through DEX. The stolen funds were deposited into Tornado Cash or converted into Bitcoin via THORChain before being deposited into Wasabi.

Cryptopolitan•2025/06/02 14:25