#GameStopBitcoinReserve On March 25, 2025, GameStop Corp. announced that its board unanimously approved an update to its investment policy to include Bitcoin as a treasury reserve asset. This strategic move aligns GameStop with other corporations integrating cryptocurrencies into their financial strategies, such as MicroStrategy and Tesla.
To fund this initiative, GameStop plans to raise $1.3 billion through convertible senior notes with a 0% coupon rate and a five-year maturity. The net proceeds are expected to be used for acquiring Bitcoin. This approach mirrors MicroStrategy's strategy of issuing convertible debt to finance Bitcoin acquisitions.
Following the announcement, GameStop's stock (NYSE: GME) experienced a significant surge, rising nearly 15% in pre-market trading. As of March 26, 2025, GME shares are trading at $28.36, reflecting a 11.77% increase from the previous close.
In addition to its cryptocurrency investment, GameStop anticipates closing a significant number of stores in 2025 as part of its ongoing efforts to adapt to the evolving retail landscape.
This strategic pivot underscores GameStop's commitment to diversifying its financial assets and embracing digital transformation in the gaming industry.
#BTC
