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GameStop is taking its promised bitcoin investment seriously—$500-million-worth-of-bitcoin serious, in fact. The video game retailer (which has also become a meme stock) announced the purchase of 4,710 bitcoin, the oldest and largest cryptocurrency, on Wednesday.

Live Updates Live Coverage Updates appear automatically as they are published. Biotech Benefits from Generative AI 2:02 pm by Gerelyn Terzo Wall Street firm Jefferies believes certain biotechnology stocks are poised to benefit from AI advancements. Analyst Michael Yee told CNBC that the sector is likely to save billions of dollars as well as time in getting drugs to market thanks to the role of generative AI in drug discovery. The firm is bullish on biotech stocks for the rest of 2025, saying any bad news is already built into the sector. The Nasdaq Composite is basically flat ahead of Nvidia’s earnings. Market Update 12:33 pm by Gerelyn Terzo Stocks are continuing to play it safe in today’s trading session, with the three major stock market averages fractionally lower across the board. VP JD Vance is headlining today’s Bitcoin 2025 event, but it’s doing little to lift the BTC price, which is up about 0.17%. Nvidia (Nasdaq: NVDA) stock is up 0.33% today ahead of

Live Updates Live Coverage Updates appear automatically as they are published. Great Expectations 12:38 pm by Gerelyn Terzo A cautious tone persists in today’s trading, with the three major stock market averages slightly in the red. Nvidia (Nasdaq: NVDA) shares are up 0.33% ahead of its highly anticipated quarterly earnings report expected after the closing bell. The prevailing sentiment is that Nvidia will once again exceed expectations and upgrade its guidance due to strong AI and chip demand. Yet, concerns linger regarding a potential write-down linked to China revenues, even with overall strong demand. The SPY ETF is lower by 0.16%. Consumer Spending on Deck 10:49 am by Gerelyn Terzo The markets will receive greater insight on the resilience of the consumer this week. Personal Income and Spending data for April is due out on Friday. This data follows a period of robust consumer spending observed in March. Economists at Wells Fargo anticipate a 0.3% increase in personal income

GME surges on digital transformation, while BYD holds steady with casino-driven growth. Here we discuss two gaming stocks, two very different stories.

As dubious as it may seem, GameStop's NYSE: GME shift to Bitcoin (CRYPTOCURRENCY: BTC) could pay off over time. Evidently, the gaming resale industry is dead money; investing in BTC provides a path forward, but it will be a long road to travel.

GameStop Corp (NYSE:GME) has jumped headfirst into crypto, revealing on Wednesday that it bought 4,710 Bitcoin — a stash worth roughly $513 million at current prices. The video game retailer didn't say when it made the purchase, what it paid, or whether the move happened all at once or in stages.

GameStop's purchase of 4,710 bitcoin marks its first cryptocurrency purchase since the videogame retailer announced earlier this year that it would make bitcoin a treasury-reserve asset.

GameStop announces first bitcoin acquisition following $1.3 billion funding round in March. GME stock surges.

This is a developing story and will be updated.

GameStop snaps up 4,710 digital tokens in its first step toward creating a Bitcoin treasury.