#GameStopBitcoinReserve

GameStop Corp. has updated its investment policy to include Bitcoin as a treasury reserve asset, approved by its board. This allows the company to allocate cash reserves or future debt/equity proceeds into Bitcoin, though no maximum investment amount was specified. The move aligns GameStop with other firms like MicroStrategy (now "Strategy") that prioritize Bitcoin.

Following the announcement, GameStop's stock rose 8% in extended trading, reflecting investor optimism. Financially, Q4 net income grew to $131.3 million (up from $63.1 million), but net sales fell to $1.28 billion (from $1.79 billion). Cash and securities increased to $4.775 billion (from $1.199 billion).

The Bitcoin strategy is part of GameStop's broader shift toward digital assets and cost-cutting measures, including closing 590 U.S. stores in 2024 and planning more closures in 2025. This highlights the company's effort to adapt to the evolving retail and gaming landscape.#GameStopBitcoinReserve $BTC $BNB $SOL