I was about to post this but I search first and I saw that you have posted it already. This is the first time that the video game retailer will buy bitcoin but it has announced it before.

According to what I read on CNBC, Shares of GameStop rose nearly 3% in premarket trading following the news. The meme stock is up about 12% this year. As of February 1, the company had amassed a $4.76 billion cash pile, according to its annual report released in April.

I think some businesses want to be more well know and they go for bitcoin. It is a business strategy.

Thanks for sharing, bro!

It is happening as we wanted, it's the huge adoption we prayed for. Those companies, and some former critics, are now afraid of missing out on the world's cake. Which is why they are injecting their quota in millions of dollars and will continue topping it up as Bitcoin grows.

I think thats how it going to be till the number gets too much to the point its become an endless list to count, more companies are looking up to starting joining the train to avoid been left out. The other day a company called the TwentyOne company announced their strategic plan of acquiring bitcoin daily.

GME pertained to a particular brokerage platform. if you have a fork of bitcoin you COULD sell it even to some schmuck on the internet without an exchangeI believe something like this kinda happened when SegWit thing went down, but the users did not agree so then they found out even if blackrock chooses the right fork you still lost out on the ability to sell that shitcoin to devalue it and pick up some more bitcoin with  the proceeds.
That you have "power" in bitcoin until you try to exert it.

The Sponsor will base its determination on whatever factors it deems relevant, including but not limited to, the Sponsor’s beliefs regarding expectations of the core developers of bitcoin, users, services, businesses, miners and other constituencies, as well as the actual continued acceptance of, mining power on, and community engagement with, the Bitcoin network, or whatever other factors it deems relevant. There is no guarantee that the Sponsor will choose the digital asset that is ultimately the most valuable fork, and the Sponsor’s decision may adversely affect the value of the Shares as a result. The Sponsor may also disagree with Shareholders, the Bitcoin Custodian, other service providers, the Index Administrator, cryptocurrency platforms, or other market participants on what is generally accepted as bitcoin and should therefore be considered “bitcoin” for the Trust’s purposes, which may also adversely affect the value of the Shares as a result.

In other words, stop using bitcoin ETFs.

It's a good news but it's not going to help them. GameStop is a dying business. Gamestop sells physical video games while we live in a time where everything is becoming digital and steam & epicgamestore are in a huge demand. We live in a time where subscription model is also becoming very popular and will take over everything. I'm sure that soon services PlayStation Plus and XBOX Game Pass will be offered by steam and epic and they'll be more popular and working model.

I came to the conclusion that someone being a rich, being a top manager, owning a company and so on, doesn't mean they are smart. Since IQ and income aren't correlated, we shouldn't expect smart decisions from companies but shout-out to Michael J. Saylor, the owner of MicroStrategy for being very smart!

It is a good idea for a project, website that tracks all of these and also evaluates them based on transparency. There is this https://bitcointreasuries.net, but it is not enough and it does not care about proof of reserves. Just with this purchase alone Gamestop is in top 15. We are very early. 

GameStop has excellent financial health, they have basically no debt and a lot of cash.

A very bold move, dropping half billion for bitcoin at 108k

I think this is part of the current administration’s plan to accumulate more BTC supply, and major companies are participating because they see it as an opportunity to become more flexible and future-proof. But when I saw the news, I wondered—why are some firms only investing now? Why not at the $80K–$90K range in the past months? Even Japan’s Metaplanet just bought BTC recently (may 19). So maybe there's a specific signal they were all waiting for. This is how insiders operate in some small projects—it might look like a poor move on the surface, but in reality, it’s been planned out well.

So maybe it's a sign that BTC can go more if this is really a planned entry.

Gamestop has billions in cash balance, money that is deteriorating every year It is less bold than you believe.

It is still very early, you are underestimating BTC if you think this is all it can do. Gold will lose its throne, and for that to happen you need a price of $1m per BTC or higher.

With the type of big companies both tech and government own, organisations and other sectors are getting involved in Bitcoin purchases. This type of news only shows a great interest increase among the people, but it no longer pushes the price to the top all of a sudden just by such announcements.

We will definitely get to a new all-time high sooner, but it won't be because of this type of news. Bitcoin will naturally get there just as it has been doing in the past, even when demand and supply play a role, but it's done silently.