#GameStopBitcoinReserve

GameStop has updated its investment policy to include Bitcoin as a treasury reserve asset, aiming to diversify its holdings and strengthen its financial position. The board unanimously approved this decision, allowing the company to invest a portion of its $4.775 billion cash reserves in Bitcoin, though no maximum acquisition limit has been set. This move aligns GameStop with other companies like Coinbase and Tesla, which have incorporated cryptocurrencies into their treasury strategies. Following the announcement, GameStop’s stock surged over 10%, and Bitcoin’s price appreciated to approximately $88,000.