Retail company GameStop has made good on its plans to adopt a Bitcoin Strategy for the company. The company just announced its first BTC purchase, after agreeing to include the flagship crypto as a reserve asset. The GME stock price jumped almost 5% in pre-market trading, following this announcement. GameStop Purchases 4,710 Bitcoin In a press release, the retail company announced that it has purchased 4,710 BTC for its treasury. However, the company failed to disclose the average price at which it bought these coins. In March, GameStop revealed plans to raise $1.3 billion for its Bitcoin treasury, following the board’s decision to adopt the flagship crypto as a reserve asset. The company aims to follow Strategy and Michael Saylor’s playbook by becoming a BTC Treasury company. Following this announcement, the GME stock price surged over 3%, trading at around $36. The stock is up over 11% year-to-date (YTD) and… Read More at Coingape.com
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