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GameStop Adds Bitcoin to Treasury Reserves in Strategic Move

GameStop’s board of directors has unanimously approved an updated investment policy that allows the company to hold Bitcoin as a treasury reserve asset. This decision enables GameStop to invest in Bitcoin and US dollar-denominated stable coins, diversifying its financial holdings.

As of February 1, the company has $4.7 billion in cash and cash equivalents, some of which could be allocated to Bitcoin and stablecoins. However, GameStop has not specified how much Bitcoin it intends to purchase or sell.

This move aligns GameStop with companies like MicroStrategy, which has made significant investments in Bitcoin. By incorporating digital assets into its treasury strategy, GameStop aims to strengthen its financial position and explore new revenue opportunities.