GameStop shares rise as retailer meme stock buys first bitcoin batch, scooping up $500 million

A general view of the GameStop logo on one of its stores in the city center of Cologne, Germany.GameStop said Wednesday it has officially bought 4,710 bitcoins, worth more than half a billion dollars, as the video game retailer began its crypto purchasing plan in a similar move made famous by MicroStrategy.The purchase, its first investment in bitcoin, was worth $512.6 million with bitcoin's price of$108,837 Wednesday. The world's largest cryptocurrency has been on a tear lately, hitting a record high near ...