#GameStopBitcoinReserve GameStop Adopts Bitcoin as a Treasury Reserve Asset

In a bold move towards digital transformation, GameStop has announced an update to its investment policy, adding Bitcoin as a treasury reserve asset. This decision was unanimously approved by the Board of Directors, allowing the company to invest part of its cash liquidity or future revenues in the cryptocurrency without a specified limit.

Following the announcement, GameStop’s stock surged by 15.2%, reflecting investor enthusiasm for this new direction. The company also plans to raise $1.3 billion through a convertible bond offering, with the potential to allocate some of the proceeds toward Bitcoin purchases.

This move aligns with GameStop’s strategy to diversify its investments and embrace the growing trend of digital assets, following in the footsteps of companies like MicroStrategy, which has made significant bets on Bitcoin as a store of value.$BTC $BNB