As the GameStop brand has transformed over the years, we’ve seen the company make a concerted effort to get into the business of cryptocurrency and blockchain technology. The company’s latest move is a big bet on that sector of the tech world, as GameStop has purchased 4,710 Bitcoin.

GameStop (NYSE: GME), the American gaming merchandise retailer, made a surprising move by acquiring 4,710 Bitcoin to add to its corporate balance sheet on May 28.

GameStop has officially confirmed the purchase of 4,710 Bitcoins for $513 million using cash raised through debt financing, according to a press announcement

Shares of GameStop (GME) climbed as much as 18% over the last two days of the week to hit nearly their highest point year to date. The swing is likely based on the surge in the price of the GME token,