GameStop Shares Jump 3% After Buying Bitcoin Batch Worth $513 Million

GameStop's stock rose by more than 3% in premarket trading to over $36, following an earlier announcement the retailer purchased 4,710 bitcoins valued at just over $513 million as of bitcoin's price of roughly $109,000 Wednesday morning. The video game retailer previously said it would add bitcoin as a "treasury reserve asset." Shares of GameStop popped in early trading Wednesday, after the video game retailer and meme stock announced a $513 million purchase of bitcoin, which has surged to new record highs ...