#GameStopBitcoinReserve

🚨🚨🚨 #GameStopBitcoinReverse 🚨🚨🚨

GameStop announced that its board of directors unanimously approved a policy to adopt Bitcoin as a treasury reserve asset. This decision allows the company to invest a portion of its available cash in Bitcoin, without setting a specific maximum limit.

The company reported earnings in the fourth quarter of 2024 of 30 cents per share, exceeding expectations, despite a 28% decrease in revenue, which stood at $1.28 billion. Additionally, GameStop reported that at the end of the quarter it had $4.775 billion in cash and equivalents.

Following the announcement, GameStop's shares experienced a significant increase, rising approximately 10% in after-hours trading. Meanwhile, the price of Bitcoin also showed an upward trend, trading around $88,000, representing a 5% increase in the last week.