GameStop Respawns as a Bitcoin Whale: Buys 500M near Bitcoins All-Time High

In a move that screams “hold my joystick,” GameStop just YOLO’d half a billion dollars into Bitcoin—snagging 4,700 BTC while most analysts were still arguing about popcorn prices. This isn’t just a meme stock buying a meme coin; this is a zombie retail chain reanimating as a digital asset dragon.

Timing? Ironic perfection. Bitcoin is hovering near its all-time high ($111k) and while most investors would wait for a dip, GameStop marched in like it was Black Friday at Best Buy. The purchase came weeks after they rewrote their treasury policy to allow Bitcoin, proving someone in that boardroom has diamond hands and zero patience.

Some on social media is calling this a “reverse rug pull” or some think it’s genius, others think GameStop confused crypto with store credit. Still, the vibes lean bullish. The company is now unofficially cosplaying as MicroStrategy’s little brother at Thanksgiving—same Bitcoin addiction, smaller allowance.

While GME stock took a minor dip post-announcement that’s just volatility saying “hello.” The real signal? Trust. GameStop just bet big on Bitcoin not collapsing—and that says more than a dozen price targets ever could.

Is this risky? Sure. But so was selling used games. GameStop isn’t chasing a pump—it’s planting a flag. Whether it’s genius or madness, one thing’s clear: the line between meme and mogul just got blurrier.

Game on.