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flag GameStop buys $513 million in Bitcoin, faces stock drop amid crypto volatility concerns.

flag GameStop, a video game retailer, has purchased 4,710 bitcoins worth around $513 million, marking its first investment in cryptocurrency. flag The purchase was approved in March as part of the company's strategy to diversify its assets. flag Despite the significant investment, GameStop's stock price fell by about 10% following the announcement, attributed to concerns over the volatility of cryptocurrencies.

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