GameStop has acquired 4,710 Bitcoin for $515 million as part of its strategy to adopt Bitcoin as a treasury reserve asset. The purchase, made between May 3 and June 10, 2025, follows a board decision in March to integrate Bitcoin into its financial strategy. This move comes as GameStop faces a 17% drop in first-quarter revenue to $732.4 million, amid challenges from the gaming industry's shift to digital formats. The acquisition mirrors similar strategies by companies like MicroStrategy, positioning Bitcoin as a long-term asset. However, investor response has been cautious, with GameStop's stock declining nearly 20% following the announcement, indicating skepticism about the company's future direction.