GameStop Buys 4,710 BTC, Enters Top 20 Corporate BTC Holders List

Video game retailer GameStop announced the purchase of 4,710 bitcoins worth over $517 million, entering the list of the 15 largest corporate Bitcoin holders. This announcement follows their earlier $1.5 billion convertible notes offering in April 2025, aimed at funding a Bitcoin treasury reserve.

GameStop Gets Ahead of Semler Scientific in Bitcoin Holdings

According to Bitcoin Treasuries, GameStop now ranks as the 13th-largest Bitcoin holder. It got ahead of Semler Scientific, a healthcare technology company with 4,264 Bitcoins worth over $465 million. Semler Scientific started accumulating Bitcoin in May 2024 with 4 additions during May 2025. 

Japanese crypto influencer Han Akamatsu noted that Bitcoin holdings currently represent only 3.3% of GameStop’s market cap. This means that even though GameStop bought a large amount of Bitcoin, it's still a small portion of the company’s overall value. 

$GME Institutional Ownership Grows

Big investors like hedge funds, banks, and asset managers are now holding almost twice as many GameStop shares as they did a year ago, company filings show. Bitcoiner @741trey shared a chart also showing GameStop’s stock price performance since June 2020. 

This increase suggests rising interest from large investors such as banks and mutual funds that manage over $100 million in assets. Among $GME holders are BlackRock, Charles Schwab, Vanguard, and others. 

GameStop’s stock price has shown significant movement too, spiking in 2021 during the retail investor-driven meme stock surge, and trending upward again more recently, potentially due to increased institutional buying.

GameStop’s Stock Movement Signals Changing Market Dynamics 

GameStop became the face of the “meme stock” phenomenon in early 2021, when retail investors on Reddit’s WallStreetBets forum drove its stock price up in an unprecedented short squeeze. At the time, hedge funds had heavily shorted GameStop, betting that its share price would fall. In response, individual investors began buying up shares and options, causing a rapid price spike from under $20 to nearly $500 within weeks. 

This forced many short sellers to buy back shares at high prices to cover their positions, fueling the rally even more. The event marked a shift in market dynamics, as retail traders showed they could influence stock prices at scale using social media coordination. It also sparked widespread debate over short selling, market fairness, and the role of a trading platform.