GME’s Insane Transformation: From 4710 BTC to PSA Grading, Corporate Bonds, and US Profitability

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

GameStop Corp (GME) is back in the game with an insane Bitcoin purchase.

In a prerecorded interview streamed yesterday at the Bitcoin Conference, GME CEO Ryan Cohen revealed that his company bought 4,710 Bitcoin ($BTC).

While the purchase price is yet to be announced, the investment is worth well over $500M in current $BTC prices.

But if you’re feeling left out in Bitcoin’s recent surge, we’ll show you how Snorter Token and its bot can help you sniff out the best new crypto (more on that later).

A New and Better GameStop on the Way?

GME’s Bitcoin purchase news drove up its stock price to an intraday high of $35.81 after hovering around $28 over the past month. It also marks an important milestone in the company’s history, which Cohen has been trying to turn around since 2021.

Last year, GME partnered with PSA, the world’s largest trading card authentication and grading services provider. This was a major part of Cohen’s desire to shift the company’s focus from video games to collectibles.

In March, the company also announced its plan to issue $1.3B in convertible bonds, which it would use for ‘general corporate purposes,’ including buying $BTC.

While this initially led to a steep drop in the company’s value, the price hike in the last 24 hours following Cohen’s Bitcoin purchase confirmation tells us that investors are happy with this move.

Moreover, bonds have a conversion rate of 33 shares per $1k principal amount, and holders can swap them for GME shares now that the stock price has reached the $29.85 target.

This should create additional buying pressure for GME, further boosting its stock price up.

Institutional Investors Are All In on $BTC—Snorter Token Helps You Find the Next Big Crypto

With GME buying up $BTC, it immediately took the #13 spot in the list of institutional investors with the highest crypto holdings. While gone are the days where you could buy Bitcoin for well under $1K, the there are still plenty of opportunities to find the next big thing—if you know where to look, that is.

That’s where the likes of Snorter Bot come in. It’s a Telegram trading bot that lets you find and buy new tokens instantly using just the contract address or pool ID, making it faster than regular browser bots.

However, not all new projects are legit. With the rising popularity of meme coins, scam projects rose in number exponentially.

Snorter Bot helps you avoid rug pulls and honeypots via its live blacklist scans, mint trap detection, and freeze alerts. During its closed beta phase, the bot achieved an 85% detection success rate, which should only go up with further development.

Then, there are the usual features like swap, snipe, copy trades, and a variety of portfolio commands through the Telegram app.

The bot will multi-chain to Solana and Ethereum when it launches in Q3 2025, so you can get the speed and blockchain reliability you need to snipe new meme coins on presale well ahead of other bots or whales. These make Snorter Bot a must-have if you’re looking to sort through the chaos of the meme coin space.

To get started, visit the official Snorter Token presale page. Next, connect your crypto wallet to the presale widget (the team recommends Best Wallet), enter the number of $SNORT you want to buy, and then pay with your credit/debit card or crypto.

You can also stake your tokens right away for a whopping 1,830% staking APY, although this will change as more investors stake their $SNORT.

Rethinking Your Investment Strategy?

GME’s turnaround from a meme stock to one of the largest $BTC holders in less than five years is definitely one for the history books. But while there’s much yet to be seen, it’s a good example of how you can discover new opportunities with the right vision and tools.

Snorter Bot and its native Snorter Token ($SNORT) are two such tools, especially if you’re looking to find gems in a typically chaotic meme coin market.

But before you drop a massive investment into anything just like GME’s 4,710 $BTC play, be sure to do your research first. Remember that the crypto market is highly volatile, so only invest money you can afford to lose.

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.