Gamestop announced on Wednesday that it had bought it 4,710 BitcoinWhich is worth more than $ 500 million at the time of purchase.
The retail video game series has struggled to stay relevant while the purchase of digital games is increasingly common – in addition, the company took a new type of bad reputation when it was unintentionally a short pressure center in 2021.
Gamestop shares are still slightly enlarged from the place it was before the intervention Net sales.
To support its financial data, Gamestop Declare For investors in March, it will update its investment policy to add Bitcoin as the origin of the treasury reserve, and today’s news is Gamestop on this promise. Gamestop Stock Stumbling after Each advertisement is likely to be encryptive, probably due to investor concerns about historical fluctuations of encryption.
The last Gamestop interest in Bitcoin is not as random as it might seem.
During the era of former President Joe Biden, the United States government was turning against the encryption industry because of its relationship to fraud and corruption. Now, the Trump administration has turned the script and found a Bitcoin Reserve. Trump Media Company He also has plans to raise $ 2.5 billion to buy bitcoin.
Trump even invited his best holders Mumikoin – Volatile encoded currency that is not linked to any real determinant of value, but the rocking passions of some communities via the Internet – to a private dinner in the White House.
When Trump and his family became more intertwined with encryption, his opponents raised concerns about Trump’s ability to manipulate the encryption market to make his own financial gains.
Chuck Schumer, D-AR, responded to Trump’s increasing encryption with “17 Democratic Senate members, D-Nyr and Jeff Mercury to invest Trump’s increasing encryption with”.Ending the Corruption Corruption Law“
Senator Merkeley said in a press release. “This is a deep, corrupt scheme. It exposes our national security and leads to the erosion of the public’s confidence in the government.”
But without support across the corridor, these efforts are unlikely to acquire Trump’s morally suspicious investment.
With the United States government alongside it, the Bitcoin price jumped to the highest level ever in May, breaking the mark of $ 110,000 after declining to about 75,000 dollars in April. Companies like Tesla, Coinbase, and blocks They have already performed large purchases from Bitcoin as a way to develop the company’s assets, each holding billion dollars from Bitcoin.
Now, with a huge bitcoin purchase, Gamestop follows the steps of these companies.
