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GameStop bought $500 million of bitcoin
GameStop announced on Wednesday that it bought 4,710 Bitcoin, which is worth over $500 million at the time of the purchase. The video game retail chain
GameStop stock stumbledafter each crypto-related announcement, likely due to investors’ concerns around the historic volatility of crypto. Trump even invited the top holders of his memecoin — a volatile cryptocurrency that is not pegged to any real determinant of value, but rather, the trollish whims of certain online communities — to a private dinner at the White House. “Currently, people who wish to cultivate influence with the president can enrich him personally by buying cryptocurrency he owns or controls,” Senator Merkley said in a press release.
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