From Yahoo Finance: 2025-05-28 09:59:00

GameStop stock dropped over 3% after the retailer announced the purchase of 4,710 bitcoin, valued at over $500 million. The move came after the company’s board approved adding bitcoin to its treasury reserves, causing the meme stock to tumble nearly 25%. GameStop joins a growing list of public companies investing in bitcoin, following the lead of Strategy (MSTR). Trump Media & Technology Group unveiled plans to raise $2.5 billion to create a large bitcoin treasury, resulting in a 10% drop in shares. Analysts predict bitcoin could reach $200,000 by year-end amid increasing corporate adoption.



Read more at Yahoo Finance: GameStop stock slides as company announces $500 million bitcoin purchase