GameStop Jumps into Crypto with Massive $1.3 Billion Bitcoin Buy

"GameStop Jumps into Crypto
with Massive $1.3 Billion Bitcoin Buy"


On March 26, 2025, GameStop announced a plan to raise $1.3 billion through a private offering of convertible notes. The company stated that the funds would be used to invest in Bitcoin and for general corporate purposes.

This decision came after the company’s board of directors unanimously approved an update to its investment policy, adding Bitcoin as a reserve asset.

However, the fundraising announcement and plans to invest in Bitcoin caused GameStop’s stock to drop by approximately 5.7% in after-hours trading.

Some analysts expressed concern about the volatility of the Bitcoin market and questioned the appropriateness of a video game retail company investing in such a high-risk digital asset.