Gamestop on Wednesday Declare I bought 4,710 Bitcoin, worth more than $ 500 million, as the video game retailer makes his first major invasion in the encrypted currency.
In March, Gamestop announced that its board of directors had unanimously agreed to purchase Bitcoin as the origin of the treasury reserves.
Gamestop 92 cents, or 2.6 %, jumped to $ 35.97 before the commerce began on Wednesday. The shares, which have been called “Al -Mim Arrow” have increased in recent years, as retail investors have accumulated in the company despite their lack of profits, by more than 84 % over the past 12 months.
Gamestop Ryan Cohen, CEO of Gamestop Ryan Cohen, co -founder of the billionaire for retail pets Chewy, has sought to reduce costs to revive the brick and mortar retailers.
The company’s diving in Bitcoin comes after Trump Trump Media and Technology Group announced on Tuesday that it is a breeding 2.5 billion dollars to invest in bitcoin.
Microstrategy programmaker last week as well Detected After you now have more than 580,000 bitcoin currencies, which were traded on Wednesday for $ 107738, according to Coindsk. Bitcoin prices have increased since Mr. Trump was re -elected in November, as the president and other administration officials express their support from digital currencies.
Vice President JD Vance is scheduled for Wednesday to Speak at the Bitcoin ConferenceHe describes himself as “the largest gathering in the world for Bitcoin.” Mr. Trump, a presidential candidate at the time, was the main spokesman last year.
