#GameStopBitcoinReserve The GameStop board of directors unanimously approved the addition of Bitcoin as a reserve asset, allowing the company to invest in Bitcoin and stablecoins denominated in US dollars.¹ ² ³ This move is part of an updated investment policy that allows GameStop to diversify its reserve assets.
As of February 1, GameStop has $4.7 billion in cash and cash equivalents that could potentially be invested in Bitcoin and stablecoins. However, the company did not disclose the maximum amount of Bitcoin it may acquire or sell.
GameStop's decision to add Bitcoin to its reserve assets follows in the footsteps of companies like MicroStrategy, which has significantly invested in Bitcoin.