#GameStopBitcoinReserve
GameStop has announced that its board unanimously approved adding Bitcoin as a treasury reserve asset. This strategic move aims to diversify the company's investment portfolio and aligns with similar decisions by firms like MicroStrategy and Tesla. As of February 1, 2025, GameStop reported holding nearly $4.8 billion in cash, with plans to allocate a portion to Bitcoin and U.S. dollar-denominated stablecoins. The company has not set a maximum amount for Bitcoin acquisitions, indicating a flexible approach to cryptocurrency investments. Following the announcement, GameStop's stock experienced a notable surge, reflecting investor enthusiasm for the company's new direction.
