GameStop has announced its first Bitcoin purchase, acquiring 4 710 Bitcoin for $513 Million, as per a post on May 28, posted to the company’s X Account.
It is important to note that the word “you” means “you”. announcement GameStop has publicly announced its first Bitcoin transaction (BTCPurchase since the Company disclosed plans to move into Bitcoin investment The month of March is a great time to get ready for the upcoming season.
GameStop announced at the time that it would finance the Bitcoin acquisition through debt financing, and had launched an $1.3 billion convertible note offering.
It has been rumored for months that GameStop is closing. exploring alternative assets, including cryptocurrencies.
GameStop’s (GME), stock has risen amid speculation. It is up 12% since March. GME’s stock price soared 18% in February due to rumors from the month of February.
TradingView reports that GameStop closed its shares at $35 per share on May 27, and they were currently trading at 36.30 in pre-market when this article was published. In the last month, shares of GameStop have gained around 30%. Year-to-date, they’ve gained about 10%.
The story is developing and we’ll add more information as soon as we have it.
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Source: cointelegraph.com
