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GameStop shares fell in Wednesday morning trading after the video game retailer disclosed the purchase of 4,710 Bitcoin in a ...

GameStop, the US video game and consumer electronics retailer, has announced its first Bitcoin purchase of 4,710 BTC.

The purchase, GameStop’s first investment in bitcoin, was worth $512.6 million with bitcoin’s price of $108,837 Wednesday.

Investing.com -- GameStop Corp (NYSE ... with the proceeds earmarked for Bitcoin purchases. The market's reaction to Cohen's share purchase reflects optimism around his commitment to the company.

GameStop said in a filing it acquired 4,710 bitcoins, its first bitcoin purchase since unveiling its plans in March to invest in the digital asset.

GameStop purchases 4,710 bitcoins, marking its first major cryptocurrency investment as part of a broader financial strategy.