#GameStopBitcoinReserve

GameStop, a well-known video game retailer, has announced the acceptance of Bitcoin as a treasury reserve asset. This decision was unanimously approved by the company's board of directors.

Company financial performance:

Fourth quarter: Net income was $131.3 million, up from $63 million for the same period last year. However, revenue decreased to $1.28 billion from $1.79 billion a year earlier.

Cash reserves: After selling operations in Italy and ceasing activities in Germany, the company's cash reserves reached $4.775 billion.

Market reaction: Following the announcement, GameStop shares rose by 13% in pre-market sessions. Bitcoin prices also showed an increase in light of this decision.