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GameStop CEO Invests $539M in Bitcoin, Eyes Crypto Trading

8/8/2025

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Summary

Story summary

GameStop CEO Ryan Cohen is diving deeper into the world of Bitcoin, having purchased 4,710 BTC worth around $539 million. As the company's stock begins to reflect Bitcoin's volatility, legendary investor Bill Gross observes a shift away from its meme stock image. GameStop is also considering accepting cryptocurrency for trading cards, contingent on customer demand.

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Story summary

GameStop CEO Ryan Cohen is diving deeper into the world of Bitcoin, having purchased 4,710 BTC worth around $539 million. As the company's stock begins to reflect Bitcoin's volatility, legendary investor Bill Gross observes a shift away from its meme stock image. GameStop is also considering accepting cryptocurrency for trading cards, contingent on customer demand.