GameStop purchases $500 million in bitcoin in first crypto push
GameStop on Wednesday announced it has bought 4,710 bitcoin, worth over $500 million as the video game retailer makes its first major foray into cryptocurrency.
GameStop’s stock price jumped 92 cents, or 2.6%, to $35.97 before the start of trade Wednesday. The shares, dubbed a “meme stock” in recent years as retail investors piled into the company despite its lack of profits, has surged more than 84% over the last 12 months.
—This is a developing story and will be updated.
You may be interested

Sen. Graham says there will be a ‘change in strategy’ in Gaza ‘to destroy Hamas’
new admin - Jul 27, 2025[ad_1] IE 11 is not supported. For an optimal experience visit our site on another browser.Speaker Johnson says a Ghislaine…

2 people found dead along Arkansas hiking trail in a suspected homicide, officials say
new admin - Jul 27, 2025Two people were found dead along a walking trail in a state park in Arkansas, authorities said Sunday.A 43-year-old man…

Trump announces trade agreement with E.U. to set tariffs at 15%
new admin - Jul 27, 2025[ad_1] IE 11 is not supported. For an optimal experience visit our site on another browser.UP NEXTSen. Graham says there…