In a move that signals its shift from “meme stock” to more substantial investments, GameStop has made its first Bitcoin purchase. This significant development follows the company’s recent partnership with MicroStrategy, which has been actively buying up the cryptocurrency.
GameStop’s acquisition of Bitcoin is a major step forward for the retail giant, as it demonstrates its commitment to diversifying its portfolio and exploring alternative investment opportunities. The move may also be seen as a response to growing investor interest in Bitcoin and other cryptocurrencies.
The company’s recent partnership with MicroStrategy, which has been actively buying up Bitcoin, suggests that GameStop is taking a more serious approach to investing in the cryptocurrency market. This development could potentially set the stage for further investments in Bitcoin and other digital assets.
Source: https://www.barrons.com/articles/gamestop-stock-bitcoin-microstrategy-d303f9b7