GameStop Corp has acquired 4,710 Bitcoin, valued at $512.5 million, as part of its strategy to diversify its asset investments. This move, announced following a board decision in March, positions GameStop as the 13th largest corporate holder of Bitcoin. The acquisition has driven a 20% increase in GameStop's stock over the past week. CEO Ryan Cohen has been pivotal in this strategic shift, with plans to raise $1.3 billion in debt for further Bitcoin purchases. Despite the announcement, Bitcoin's price saw a slight decrease of 0.71%. GameStop's entry into the Bitcoin market is anticipated to have a significant impact on retail investors.