GameStop’s $512 Million Crypto Bet
GameStop’s $512 Million Bitcoin Buy: A New Era for Corporate Treasuries.
On May 28, 2025, GameStop Corp. (NYSE: GME), the video game retailer turned meme stock phenomenon, made headlines by acquiring 4,710 Bitcoin (BTC) for approximately $512–513 million, as announced on the company’s X account. This landmark purchase establishes a corporate Bitcoin treasury, signaling a strategic pivot toward decentralized finance (DeFi) and alternative assets. At the time of the announcement, Bitcoin’s price stood at around $108,920, underscoring the scale of GameStop’s investment.
This Week In Crypto
This week in the crypto world brought several notable developments. 21Shares Files for Spot Dogecoin ETF: Digital asset manager 21Shares has submitted a filing for a spot Dogecoin ETF, aiming to bring the meme coin to mainstream investment portfolios. GameStop’s Bitcoin Treasury Move: GameStop made headlines by purchasing 4,710 Bitcoin for $512 million, transitioning from meme stock fame to a significant crypto investment. X Payments Beta Launch: Elon Musk confirmed the limited beta launch of X Payments, fueling speculation about potential crypto integration on the platform. Ethereum’s ETF and Tech Boost: U.S. spot Ethereum ETFs saw significant inflows, alongside tech upgrades, raising hopes for Ethereum to reclaim its former prominence in 2025. Justin Sun Backs TRUMP Memecoin: TRON founder Justin Sun likely defended the TRUMP memecoin, stirring discussion in the crypto community. These events highlight a mix of institutional moves, platform developments, and memecoin buzz shaping the crypto landscape this week.
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