GameStop has officially entered the Bitcoin game. According to the company’s Q1 2025 results, filed June 10, GameStop disclosed that it purchased 4,710 Bitcoin between May 3 and June 10 for cash—making it one of the largest recent corporate BTC acquisitions.
$GME JUST IN 🚨: “GameStop purchased 4,710 Bitcoin between May 3, 2025 and June 10, 2025 for cash.”
— Han Akamatsu 赤松 (@Han_Akamatsu) June 10, 2025
This means Bitcoin was not part of Q1’s balance sheet or earnings. It’ll be recognized in Q2 FY2025.
No Bitcoin on the Balance Sheet. pic.twitter.com/IEA9X7ZISM
The Bitcoin purchase does not appear on the Q1 balance sheet, as the transaction occurred after the quarter ended. The BTC position will instead be reflected in Q2 FY2025 earnings.
This strategic move—largely unexpected—has already sparked speculation about GameStop’s future. While the company has previously dabbled in NFTs and Web3 gaming, this marks its first major capital allocation into Bitcoin.
Final Thoughts: GameStop Bets Big on Bitcoin
With 4,710 BTC acquired in just over a month, GameStop appears to be aligning itself with corporate players like MicroStrategy and Tesla, betting on Bitcoin as a treasury asset. Whether this is a long-term hedge or the start of a broader crypto strategy remains to be seen—but markets are watching closely.The investment adds momentum to Bitcoin’s 2025 narrative of mainstream institutional adoption, especially as retail and legacy brands follow the ETF wave.