GameStop (GME) reported a drop in first-quarter revenue on Tuesday, reflecting ongoing challenges as more customers choose digital downloads over in-store purchases.

GameStop (GME) shares declined during Wednesday morning trading following the company's announcement that it had acquired 4,710 Bitcoin (BTCUSD).

GameStop, the US-based gaming giant, has announced the purchase of 4,710 Bitcoin in its latest strategic move, signaling a bold entry further into the crypto space.