GameStop Corp. has updated its investment policy to include Bitcoin as a treasury reserve asset, following unanimous board approval. This strategic move allows the company to allocate a portion of its cash reserves or future financial resources into Bitcoin, without specifying a maximum investment limit. The decision aligns with actions taken by other corporations integrating cryptocurrency into their financial strategies. In the fourth quarter of 2024, GameStop reported net sales of $1.283 billion and a net income of $131.3 million. The company acknowledges the inherent volatility and risks associated with Bitcoin investments.
