The post Why GameStop Still Resonates with Crypto Investors appeared on BitcoinEthereumNews.com.

Key Notes GameStop buys 4,710 BTC worth $505M, adds Bitcoin to its treasury. No limit on Bitcoin holdings, signaling long-term crypto commitment. Stock fell to $30 after the news, despite strong support from crypto fans. GameStop, the old-school video game retailer turned meme stock phenomenon, is making waves once again—this time by diving headfirst into Bitcoin. On May 28, the company disclosed it had acquired 4,710 BTC, worth roughly $505 million at the time of the announcement. This bold move reignited excitement within the crypto community, reaffirming GameStop’s cult status among decentralized finance advocates. From Meme Stock to Bitcoin Treasury The crypto world’s fascination with GameStop isn’t new—it traces back to the 2021 short squeeze, where a band of Reddit retail investors turned the struggling retailer into a symbol of resistance against Wall Street elites. That same anti-establishment ethos lies at the heart of Bitcoin, making GameStop and crypto natural allies. Now, GameStop has solidified that relationship by officially revising its investment policy to treat Bitcoin as a “treasury reserve asset”. The company’s board unanimously approved the change in March, paving the way for this first major crypto purchase. According to CEO Ryan Cohen, the company sees Bitcoin and gold as a means of hedging against inflation. 💥BREAKING: RYAN COHEN EXPLAINS WHY GAMESTOP DECIDED TO BUY $500M IN BITCOIN pic.twitter.com/oUggQG9Ypw — Crypto Rover (@rovercrc) May 28, 2025 Why the Crypto Crowd Cheers Symbol of Financial Rebellion GameStop’s rise was fueled by retail traders banding together to outmaneuver institutional short sellers. That underdog spirit mirrors Bitcoin’s roots as a decentralized alternative to centralized banking. To crypto enthusiasts, GameStop isn’t just a retailer—it’s a symbol of decentralized power. $GME “What other companies should we be paying attention to right now?” “GameStop.” Chat, it’s time. BUCKLE UP! 🌊🌊🌊 pic.twitter.com/90kpc4DBw8 — Alex Thompson (@sierrastrades)…

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Filed under: News - @ May 29, 2025 8:27 pm