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Techub News reports, according to Coindesk, that GameStop Chairman and CEO Ryan Cohen increased his stake by purchasing 500,000 shares of GME for $10.78 million, bringing Cohen's total holdings to 37,347,842 shares, which accounts for approximately 8.4% of GameStop's outstanding shares. GameStop previously announced plans to increase its holdings in Bitcoin by issuing $1.3 billion in convertible preferred notes.