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How Much BTC Did GameStop Buy?
GameStop has unloaded its first clip of Bitcoin purchases.
Happy Wednesday!
GameStop has disclosed its first tranche of Bitcoin acquisitions, and it was a significant one: here’s how much the company bought.
Strategy and Metaplanet continue to acquire Bitcoin, but the pace is slowing: what is going on?
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TOP STORY
GameStop shares surged Wednesday in premarket trading after the company announced the purchase of 4,710 Bitcoins, marking a significant step in its pivot toward digital assets.
This acquisition follows GameStop’s earlier decision to adopt Bitcoin as a treasury reserve asset, a move confirmed during its fourth-quarter earnings release.
As of May 27, 2025, the leading cryptocurrency briefly surged above $110,000 before retreating to the $108,000 range overnight. GameStop did not disclose the average purchase price of its 4,710 Bitcoins.
What is GameStop’s plan for the future?
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FINTECH FOCUS
Two of the most prominent corporate backers of Bitcoin, Strategy and Japan-based Metaplanet, are continuing their BTC acquisition strategies.
Strategy revealed earlier this week that it had acquired 4,020 more bitcoins for approximately $427.1 million between May 19 and May 25.
Metaplanet, often likened to Strategy in the Asian market, is also pressing forward.
The Tokyo-listed firm has issued $50 million in zero-interest bonds, its 16th such issuance, to fuel further BTC accumulation.
But there is a catch.
What exactly?
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