#GameStopBitcoinReserve

The company's board of directors unanimously approved this decision, which is part of its updated investment policy ¹ ² ³. This means GameStop will now hold Bitcoin as a reserve asset, alongside US dollar-denominated stablecoins, to diversify its investment portfolio.

GameStop joins other companies like MicroStrategy and Tesla in holding Bitcoin as a treasury reserve asset. The company's CEO, Ryan Cohen, had hinted at this plan for months, and the announcement triggered a 6% bump in GameStop's stock price ⁴.

As of now, GameStop has about $4.76 billion in cash, and it plans to use a portion of this cash or future debt and equity issuances to invest in Bitcoin ⁴. However, the company hasn't disclosed the maximum amount of Bitcoin it plans to accumulate or a timeline for the purchases.

This move is seen as a strategic pivot to offset GameStop's declining sales, and it's expected to strengthen the company's financial position in 2025