GameStop Acquires 4,710 Bitcoins as Treasury Reserve

According to PANews, video game retailer GameStop has disclosed the acquisition of 4,710 bitcoins between May 3 and June 10. This purchase follows the company's March announcement that its board had approved the addition of bitcoin as a treasury reserve asset. GameStop's first-quarter revenue fell by 17%, reaching $732.4 million compared to $881.8 million in the same period last year. Previously, on May 28, GameStop announced the purchase of 4,710 bitcoins, consistent with the latest disclosure.