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#GameStopBitcoinReserve GameStop's board of directors has unanimously approved adding Bitcoin as a treasury reserve asset, allowing the company to invest in Bitcoin and US dollar-denominated stablecoins.¹ ² ³ This move is part of an updated investment policy that enables GameStop to diversify its treasury reserves.
As of February 1, GameStop holds $4.7 billion in cash and cash equivalents, which could potentially be invested in Bitcoin and stablecoins. However, the company hasn't disclosed the maximum amount of Bitcoin it may acquire or sell.
GameStop's decision to add Bitcoin to its treasury reserves follows in the footsteps of companies like MicroStrategy, which has invested heavily in Bitcoin.⁴ This move could potentially provide GameStop with a new source of revenue and diversify its investment portfolio.
$BTC #about game stop