#GameStopBitcoinReserve GameStop Corp. has announced that its board of directors unanimously approved an update to the company's investment policy to include Bitcoin as a treasury reserve asset. This strategic move allows GameStop to invest a portion of its cash reserves or future debt and equity issuances into Bitcoin, without specifying a maximum limit.

The decision aligns with similar strategies adopted by other companies, such as Strategy (formerly MicroStrategy), which have integrated Bitcoin into their treasury holdings. Notably, GameStop CEO Ryan Cohen recently met with Strategy's Michael Saylor, a prominent advocate for corporate Bitcoin adoption.

Following the announcement, GameStop's stock experienced a significant uptick, reflecting investor optimism about the company's new direction.