GameStop has purchased bitcoin worth about $513 million, the company said on Wednesday as the ailing video game retailer looks to capitalize on the growing adoption of cryptocurrencies globally.

GameStop was founded more than 37 years ago and still has 3,203 locations as of February 1, including 2,325 in the U.S., 203 in Canada, 404 in Australia and 647 in Europe.

Gamestop's CEO Ryan Cohen promised to cut costs and focus on long-term profitability for the struggling video game retailer in an annual shareholder meeting Monday, June 17, 2024.

In the first quarter, GameStop posted net sales of $881.8 million, marking a year-over-year decline of 28.7%. Its quarterly net loss, meanwhile, improved to $32.3 million.

Editor's take: If it wasn't stupid enough that GameStop dove headfirst into the NFT and crypto market right before the bubble burst, hang on for a second --- the company wants you to hold its beer ...

Specifically, GameStop increased the company's cash and cash equivalents from $694.7 million as of May 1, 2021, to slightly more than $1 billion as of April 30, 2022.

Starting May 27, 2022, stop by a @GameStop store or shop online to receive a special Hisuian Typhlosion promo card with any Pokémon TCG purchase of $15 or more! Get the details here: https://t.co ...

Videogame retailer GameStop Corp (GME.N) said on Tuesday it had raised about $1.13 billion in its latest share offering, cashing in further on a social-media-driven surge in its stock price.

GameStop shares hit their lowest in a month on May 11, sinking to $136.50, a far cry from their all-time high earlier this year of about $350.

This has now changed, as the GameStop Twitter account has begun to tweet and reference the short squeeze. It also started when @GameStop tweeted on May 11, simply saying, “Been away for the past ...

GameStop shares lost as much as 17% early Wednesday following the retailer's fourth-quarter financial report. Adjusted earnings of $1.34 a share fell short of the $1.35 a share anticipated by Wall ...

Secondly, it is also stamped with the GameStop logo. It's… not great looking, just like it's been slapped on there. But it does make it a unique card. How Do I Get the GameStop Flapple?