#GameStopBitcoinReserve #

billion dollars available: Gamestop will load the Treasury with Bitcoin—is it just the beginning of the game?

Gamestop Corp. (NYSE: GME) announced on March 25 that its board of directors has "unanimously approved an update to its investment policy to add bitcoin as the Treasury's reserve."

The company explained that part of its current cash balance, as well as proceeds from potential future debt or stock offerings, could be used for the acquisition of BTC. This action represents a significant departure from the retailer's traditional Treasury management strategy, following the prolonged demands from investors and supporters of digital currencies for the integration of cryptocurrencies into the company's financial structure. Gamestop's new investment guidelines state This action represents a significant departure from the retailer's traditional Treasury management strategy, following the prolonged demands from investors and supporters of digital currencies for the integration of cryptocurrencies into the company's financial structure. Gamestop's new investment guidelines state#GameStopBitcoinReserve :

The company's investment policy allows investments in some cryptocurrency assets, including bitcoin and stable coins denominated in US dollars.

The financial results for the fourth fiscal quarter and the entire year ended February 1, 2025 were issued along with the investment update. Quarterly net sales fell to $1.283 billion compared to $1.794 billion the previous year. However, net income improved to $131.3 million, compared to $63.1 million, attributed mainly to reductions in operating expenses. On an annual basis, net sales decreased to $3.823 billion from $5.273 billion, while net income rose to $131.3 million from $6.7 million. The company has also completed its withdrawal from the Italian market and completed the closure of its commercial operations in Germany. In addition, Gamestop reported having liquidity and cash equivalents at the end of the year equal to 4.757 billion dollars.#GameStopBitcoinReserve