Gamestop announced on Wednesday to bought 4,710 Bitcoinwhich is worth over $ 500 million at the time of purchase.
Video game retail chain fought to stay relevant in time when digital game purchases are increasingly popular – plus, the company has taken new type of notes when it has been constantly becoming a middle of a grip 2021. Years.
Gamestop Stock still remains slightly inflated from where it was before stirring Reddit Community R / Vallstreetbets, but years from her unpredictable moment in the center of attention, Gamestop continues to report annually Net sales.
To support their finances, gamestop announced Investors in March to update their investment policy to add Bitcoin as funds for state reserves, and today’s news is the tracking of gamestops on that promise. Gamestop Stock trotted after Each announcement related to crypto, probably due to investor concerns about the historical instability of crypto.
The recent interest of Gamestop for Bitcoin is not as accidental as it may look like.
Under the former President Joe Biden, the American government broke on the crypt industry for its connection with cheat and corruption. Now Trump Administration turned over the script and establishes a Bitcoin Reserve. Trump Media company It also plans to collect $ 2.5 billion to buy Bitcoin.
Trump even called his upper holders of his Memecoin – The volatile cryptocurrency that is not related to any actual value, but, instead, the trolls of indicate individual online communities – on a private dinner in the White House.
As Trump and his family became more intertwined with the crippt, his opponents collected concerns about Trump’s ability to manipulate the crypto market for their own financial gain.
Co-sponsored by other democratic senators, Chuck Schumer (D-Ni) and Jeff Merkley (D-or) responded to Trump’s increasing investments in crypto with “End of Cripto Corrupt Corruption Law. “
“Currently, people who want to cultivate the impairment, personally, I can personally enrich him by buying a cryptocurrency he possesses or controls,” said Senator Merklei in a announcement. “This is a deeply corrupt scheme. This threatens our national security and reduce public confidence in the government.”
But without support through the aisle, these efforts to mitigate Trump Ethically suspicious crypts investment will probably not get momentum.
With the American government, in its part, the price of Bitcoina jumped at all times in May, she violated $ 110,000 after falling at about $ 75,000 in April. The companies love Tesla, coinbass and block They have already made great purchases Bitcoin as a way of growing funds company, with each Bitcoin maintenance worth $ 1 billion.
Now, with a huge purchase Bitcoin, Gamestop follows in the steps of these companies.
