‘Amazing’ story goes viral, highlights crypto redemption card

With a change in its business practices, GameStop Corporation (NYSE:GME) allows CEO Ryan Cohen the ability to buy and sell stocks and cryptocurrencies with the company’s cash.

While GameStop did not add Bitcoin (CRYPTO: BTC) on its balance sheet, the company helped a customer turn a small purchase into a full BTC worth over $60,000.

What happened: The Cardsmiths Currency Series 1 trading card series, released in 2022, features influential people in the cryptocurrency sector, memes and artifacts. The set also includes randomly inserted redemption codes that are available for trading for various amounts of Bitcoin, Ethereum (CRYPTO: ETH), Litecoin (CRYPTO: LTC) and Dogecoin (CRYPTO: DOGE).

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A GameStop customer found one of the redemption cards earlier, and after scratching it last month, realized he had one of the rarest good cards to redeem for a full Bitcoin. This turned his initial $33 purchase for the deck of cards into over $60,000 worth of Bitcoin.

The consumer shared their findings in a Reddit post, with the action now going viral thanks to GameStop’s tweet about the unique story.

“A GameStop customer found 1 Bitcoin in a deck of trading cards,” GameStop tweeted.

According to the Reddit post, the user said he thought the unscratched redemption card “looked better in the binder.”

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Later, after scratching the card, the card owner thought the redemption card was good for part of the entire Bitcoin before realizing it was for one BTC.

“This is mind-blowing to me, honestly,” the owner said.

User admitted to having previously purchased and opened 10 to 12 boxes of Cardsmiths Currency Series 1 trading cards.

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Why it’s important: The price of Bitcoin was around $16,500 when the Series 1 Forex Trading Card Set was released, as reported by Cllct.

Another GameStop shopper also found a Bitcoin redemption card in March, but the number of unclaimed full Bitcoin cards may now be 0 or 1, according to the report.

The company behind Cardsmiths Currency Trading Cards said the set offered “the industry’s first cryptocurrency redemption program.”

The story continues

Series 1 of the set is believed to have had five Bitcoin redemption cards. The company’s CEO said earlier this year that there were only a few unredeemed BTC cards, according to a user on the Reddit thread, which could suggest that the two drawn at GameStop were the last.

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The recent tweet will likely put increased attention on forex trading books and also GameStop’s recent push into in-store and online trading books.

GameStop’s website currently lists several Cardsmiths items for sale, including:

• Series 3 Collector’s Box, 2-Pack: $36.99

• Series 3 Mega Box (40 cards): $105.99

• Series 2 Collector’s Box, 2-Pack: $30.00

• Series 1 Collector’s Box 2-Pack: $31.99

While the full Series 1 Bitcoin Redemption Cards may be gone entirely, each series has Redemption Cards for varying amounts of Bitcoin, Ethereum, Litecoin, and Dogecoin.

For Series 1, the odds of getting a cryptocurrency redemption code were listed at 1:96 packs.

GME, BTC Price Action: Shares of GameStop are trading at $19.62 versus a 52-week trading range of $9.95 to $64.83. GameStop shares are up 17.7% year to date in 2024.

Bitcoin was trading at $63,688.18, up 5% in the last 24 hours. Bitcoin has traded between $26,011.47 and $73,750.07 over the past 52 weeks and is up 43.8% year to date in 2024.

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This $63,000 Bitcoin Item Was Removed from a $33 Deck of Trading Cards at GameStop: ‘Amazing’ Story Goes Viral, Highlights Crypto Redemption Card appeared first on Benzinga.com

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