$BTC The GameStop board unanimously approved the inclusion of Bitcoin as a reserve asset for the company, allowing it to invest in both Bitcoin and stablecoins denominated in US dollars. This decision is part of an updated investment policy aimed at diversifying GameStop's reserves.
As of February 1, the company has $4.7 billion in cash and cash equivalents that could be directed towards Bitcoin and stablecoins. However, GameStop did not specify the maximum amount of Bitcoin it may purchase or sell.
By accepting Bitcoin as part of its reserve management strategy, GameStop follows the example of companies like MicroStrategy, which has made significant investments in cryptocurrency. This move could provide GameStop with a new source of revenue while strengthening its investment portfolio.
