GameStop said Wednesday that it had made its first Bitcoin purchase, taking a page out of MicroStrategy’s book in pursuit of its own treasury aspirations. The videogame retailer said in a press release that it had snapped up 4,

GameStop has taken its first major step into the world of cryptocurrency. On Wednesday, the video game retailer announced it purchased 4,710 bitcoins, spending more than $500 million. The move marks a new chapter for the company,

The purchase, GameStop's first investment in bitcoin, was worth $512.6 million with bitcoin's price of $108,837 Wednesday.