GameStop (GME) has just added a massive amount of Bitcoin (BTC) to its balance sheet as a treasury reserve asset.

GameStop announced on Wednesday that it bought 4,710 bitcoin, which is worth over $500 million at the time of the purchase. The video game retail chain has struggled to stay relevant in a time ...

A growing number of companies are using Bitcoin to diversify their holdings and signal forward-thinking financial strategies.

GameStop (NYSE:GME) plans to use the net proceeds from the offering for general corporate purposes, including the purchase of Bitcoin ... the only recent business venture to see modest success.

GameStop GME.N shares were back in action as the company's move to hoard bitcoin brought retail investors back to their favorite meme stock. The video game retailer's shares rose 11.6% to $28.36 ...