May 29, 2025 [crocon media – msc] GameStop has officially entered the Bitcoin arena – quietly, deliberately, and with a half-billion-dollar statement. Yesterday, on May 28, 2025, in what may be one of the most understated press releases of the year, GameStop announced it had acquired 4,710 Bitcoin, valued at approximately $512 million. No fanfare, no media blitz – just a whisper of a news drop. But make no mistake: this move marks a dramatic and confident pivot in GameStop’s identity.
The purchase signals the beginning of what Chairman Ryan Cohen frames as a Bitcoin Treasury Strategy, a calculated move to hedge against global currency devaluation and systemic financial risks. In a follow-up video statement, Cohen emphasized the advantages of Bitcoin over traditional stores of value like gold:
➡️ Portability
➡️ Instant transferability
➡️ Ease of self-custody
He made it clear that GameStop isn’t following trends – it’s charting a new one.
“We’re not doing this to join the crypto crowd,” Cohen stated. “We’re doing it because we believe in independence, resilience, and value creation for the long run.”
From Meme Stock to Monetary Strategy
Long ridiculed by analysts as a “meme stock” driven by Reddit-fueled volatility, GameStop is now rewriting its narrative. The investment community once saw it as a relic of the mall era, then a speculative flame, but today it is quietly positioning itself as a serious player in the digital monetary revolution.
With Bitcoin recently peaking near $112,000, and macroeconomic trends underscoring the need for alternative stores of value, GameStop’s strategic shift looks anything but impulsive. This mirrors the earlier playbook of companies like MicroStrategy, whose massive BTC holdings have boosted its market standing.
And let’s not forget: a month ago, Cohen personally purchased over $10 million worth of GameStop shares in his own name. With this context, today’s Bitcoin announcement feels less like an isolated move and more like the beginning of a long-term transformation.
GameStop isn’t just playing a new game – it’s changing the rules.
This is no longer the company the market mocked.
This is a new GameStop.
A corporate rebel.
A Bitcoin believer.
A strategist for the decade to come.
And it’s leaving the meme arena behind for good.
Read the press release(s) : https://investor.gamestop.com/news-releases/news-details/2025/GameStop-Announces-Purchase-of-Bitcoin/default.aspx
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