#GameStopBitcoinReserve

GameStop Corp. (NYSE: GME) confirmed that its board unanimously approved an update to its investment policy, allowing the company to hold Bitcoin as a treasury reserve asset. This decision, detailed in their Q4 2024 earnings report, aligns GameStop with a growing trend among public companies like Strategy (formerly MicroStrategy), Tesla, and Block, which have also integrated Bitcoin into their balance sheets. As of February 1, 2025, GameStop reported holding $4.76 billion in cash and cash equivalents, though they haven’t specified how much will be allocated to Bitcoin purchases. The company also noted it has no cap on the amount of Bitcoin it might accumulate and reserves the right to sell any acquired BTC as needed.

The announcement triggered a market response, with GME shares jumping over 6% in after-hours trading on March 25, closing around $25.40 after a slight daily dip of 0.82%. Bitcoin itself saw a modest uptick, trading at approximately $87,492 as of late March 25, up about 0.2%-0.85% in the prior 24 hours (depending on the exact timestamp), though its reaction has been relatively muted compared to the stock surge.

The move could transform GameStop into a leading Bitcoin treasury company in the gaming sector, users noted the potential scale (e.g., a $2.3 billion investment could rank GameStop among top corporate BTC holders).

The context is notable: GameStop’s traditional business has struggled, with Q4 2024 net sales dropping 28% year-over-year to $1.28 billion, yet profitability improved, with net income rising to $131.3 million from $63.1 million the prior year, thanks to cost-cutting.