$BTC
GameStop officially announced that it will add Bitcoin to its Treasury reserves, following the unanimous approval of its board of directors.¹ ² ³ This step is part of the company's updated investment policy, which also includes the acquisition of dollar-pegged stablecoins.
So far, GameStop holds approximately $4.7 billion in cash, and the company has not disclosed the specific amount it plans to invest in Bitcoin. Nonetheless, this move is considered a strategic decision to diversify its investment portfolio and maximize shareholder value.⁴
GameStop's decision to invest in Bitcoin follows in the footsteps of other companies like MicroStrategy and Tesla, which have already added Bitcoin to their Treasury reserves. This step has also boosted GameStop's stock price.