GameStop, the old-school video game retailer turned meme stock phenomenon, is making waves once again—this time by diving headfirst into Bitcoin.
On May 28, the company disclosed it had acquired 4,710 BTC, worth roughly $505 million at the time of the announcement. This bold move reignited excitement within the crypto community, reaffirming GameStop’s cult status among decentralized finance advocates.
From Meme Stock to Bitcoin Treasury
The crypto world’s fascination with GameStop isn’t new—it traces back to the 2021 short squeeze, where a band of Reddit retail investors turned the struggling retailer into a symbol of resistance against Wall Street elites. That same anti-establishment ethos lies at the heart of Bitcoin, making GameStop and crypto natural allies.
Now, GameStop has solidified that relationship by officially revising its investment policy to treat Bitcoin as a “treasury reserve asset”. The company’s board unanimously approved the change in Mar
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