#GameStopBitcoinReserve

GameStop, a well-known video game retailer, has announced that its board of directors has approved the addition of Bitcoin as a cash reserve asset for the company. This move follows in the footsteps of other companies like MicroStrategy in adopting Bitcoin as part of their financial strategy. The decision comes amid a decline in GameStop's fourth-quarter revenue to $1.28 billion from $1.79 billion the previous year, although profit increased to $131.3 million. The addition of Bitcoin to the cash reserves is expected to diversify the company's assets and enhance shareholder value in the future.