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. Market commentator Reese Politics also noted that the company didn’t reveal the purchase price in its official 8-K filing with the US Securities and Exchange Commission (SEC). At the current Bitcoin price, these coins are worth around $512 million. 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…. Read More at Coingape.com

The post Breaking: GameStop Acquires 4,710 Bitcoin, GME Stock Jumps 4% appeared first on CoinGape.

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