#GameStopBitcoinReserve GameStop has made a significant move by adding Bitcoin to its treasury reserve assets. The company's board of directors unanimously approved this update to its investment policy, allowing GameStop to hold Bitcoin as a reserve asset

This decision comes after GameStop's CEO, Ryan Cohen, met with Michael Saylor, the executive chair of MicroStrategy, a company known for its Bitcoin holdings The move is seen as a strategic shift in GameStop's treasury management and is in line with the company's evolving financial framework.

As of now, GameStop hasn't disclosed how much Bitcoin it plans to acquire or when it will start buying . However, the company did report holding $5.355 billion in current assets at the end of 2024, giving it a significant war chest for potential Bitcoin purchases

The market has reacted positively to this news, with GameStop's shares rising 5.9% in after-hours trading following the announcement