GameStop (GME) shares fell in Wednesday morning trading after the video game retailer disclosed the purchase of 4,710 Bitcoin (BTCUSD) in a press release.

The company did not disclose when the purchase was made, at what price the🐬 Bitcoin was purchased, or whether it was acq𒈔uired through one or multiple transactions.

At its current pꦏrices of roughly $108,000, the Bitcoin that GameStop recently purchased is worth north of $500 million.

The retailer 澳洲幸运5官方开奖结果体彩网:added Bitcoin to its 澳洲幸运5官方开奖结果体ᩚᩚᩚᩚᩚᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ𒀱ᩚᩚᩚ彩网:official corporate investment p𒁃olicy in March, following months of reports and 澳洲幸运5官方开奖结果体彩网:social media posts fueling speculation that GameStop was considering investing in Bitcoin. After adding the cryptocurrency to its policy, GameStop said it was 澳洲幸运5官方开奖结果体彩网:planning to issue $1.3 billion in 澳洲幸运5官方开奖结果体彩网:convertible bonds for "general corporate purposes," including buying Bit🧔coin.

In its annual report issued last month, GameStop cautioned investors that it would be subject to the risks that come with investing in Bitcoin and cryptocurrency at large, namely volatile price swings and potential regulatory shifts. The company did not disclose any Bitcoin ownership at the time.

After rising in premarket trading♐ following the news, GameStop shares were down 10% in Wednesday morning trading while the price of Bitcoin was down 1%.