GameStop has confirmed its first official Bitcoin purchase—4,710 BTC—worth over $500 million. The announcement follows its earlier plan to diversify into alternative assets through a $1.3B convertible note raise.

The purchase, revealed in a May 28 X post, comes after months of speculation and limited SEC filing details.

GameStop stock (GME) has jumped nearly 30% in the past month, with crypto-fueled rumors driving investor enthusiasm.

This puts GameStop alongside corporates like Strategy (formerly MicroStrategy) and Trump Media, both of which recently expanded BTC reserves.

With Bitcoin trading above $107K, corporate adoption continues to heat up—signaling Bitcoin’s growing appeal as a treasury asset.