#GameStopBitcoinReserve
GameStop Corp. has officially announced the addition of Bitcoin as a treasury reserve asset, a decision unanimously approved by its board of directors. This strategic move allows the company to allocate a portion of its cash holdings or future debt and equity issuances into Bitcoin, without specifying a maximum limit.
This development follows recent speculation, especially after CEO Ryan Cohen's meeting with Michael Saylor, Executive Chairman of Strategy, a company renowned for its substantial Bitcoin investments.
In conjunction with this announcement, GameStop reported its fourth-quarter financial results, revealing net sales of $1.283 billion and a net income of $131.3 million. The company also disclosed cash, cash equivalents, and marketable securities
totaling $4.775 billion as of February 1, 2025.
This move aligns GameStop with other publicly traded companies integrating Bitcoin into their financial strategies, reflecting a broader trend of corporate adoption of cryptocurrency.