GME stock surged early Wednesday after video game retailer GameStop announced its first bitcoin purchase. GameStop on Wednesday revealed that it purchased 4,710 bitcoin. The company did not list a total acquisition price or a price per coin.

GameStop Corp. (NYSE:GME) announced on Wednesday that it has officially purchased 4,710 bitcoins, valued at over $512 million, marking the company's first move into cryptocurrency. The purchase mirrors a strategy popularized by MicroStrategy and represents the video game retailer’s shift toward digital asset investment.

Shares of GameStop Corp. (NYSE:GME) are trading higher Tuesday, continuing a recent uptrend that appears to be fueled by renewed interest from retail investors as well as upward momentum in Bitco

Shares of video game retailer GameStop (NYSE:GME) jumped 7.8% in the afternoon session after stocks tied to digital assets surged as Bitcoin, the world's largest cryptocurrency by market cap, reached a new all-time high,

GME memecoin jumps 50% on GameStop’s Bitcoin adoption news, with technical patterns hinting at a possible 650% rally ahead of the June 12 shareholder meeting.