GameStop CEO Ryan Cohen has purchased over $10.7 million in GME stock just days after the company announced its intention to invest in Bitcoin. Cohen acquired 500,000 Class A shares at $21.55 per share, increasing his holdings to 8.4% of the company. Following the announcement, GameStop's stock rose more than 11%, closing at $23.49. This decision comes as GameStop plans to raise $1.3 billion through the sale of convertible senior notes to fund Bitcoin purchases. This aligns with a broader trend among public companies adopting Bitcoin-focused strategies despite recent declines in its value.

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