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#GameStopBTC šØ
$BTC šØšØ
Hereās the latest on GameStopās Bitcoin Treasury Move š¢š°:
š Stock Surge: GameStopās ($GME) stock jumped 15% š after announcing it will hold Bitcoin as a treasury reserve asset. (Yahoo Finance)
š¼ Board Approval: The board unanimously approved adding Bitcoin to its investment strategy. (Investor Relations)
š Financial Boost: Despite a 28% drop in Q4 sales ($1.28B), net income more than doubled to $131.3M due to cost-cutting & e-commerce pivot. (Reuters)
š° Cash Reserves Growth: GameStopās cash & securities surged to $4.775B, providing strong liquidity for Bitcoin purchases. (MarketWatch)
š¦ Following Giants: GameStop joins MicroStrategy & Tesla in holding Bitcoin šš as a treasury asset. MicroStrategy now owns $40B+ in BTC. (XTB)
šŗšø Government & BTC: The U.S. government recently announced a Strategic Bitcoin Reserve šļø, adding to institutional adoption trends. (Reuters)
š„ Bitcoin Price Today: BTC is currently trading at $86,669 ššŗ
Whatās Next?
Will GameStopās crypto strategy fuel another retail investor frenzy? šš®š
More details:
GameStopās Bitcoin Move ā MarketWatch
Stock Movers ā Barronās
GameStopās Crypto Pivot ā Reuters
Whatās your take on this? Bullish or skeptical? šš