GameStop has a GameMe (GME). announced Plans to Add the Bitcoin cryptocurrency (BTC) The asset is held as a reserve in the Treasury. On Tuesday, the company’s Board unanimously voted to update GameStop’s investment policies. GameStop announced the update in today’s Q4 2024 report.
Announcing Bitcoin pic.twitter.com/gG8JRarIok
— GameStop (@gamestop) March 25, 2025
“The Company’s investment policy permits investments in certain cryptocurrency assets, including Bitcoin and U.S. dollar-denominated stable coins…” GameStop has announced a new game. “The Company acquires Bitcoin or U.S. dollar-denominated stable coins, the Company will be exposed to certain risks associated with Bitcoin or stable coins, respectively.”
GME stocks rose more than 20% in a short time when news of GameStop’s interest in cryptocurrencies was first reported back on February 20, 2025. GME is up over 7% after Tuesday’s closing bell. Michael Saylor’s Strategy could follow in the steps of the popular gaming retailer. It boasts that it is the largest Bitcoin investor worldwide.
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GameStop has seen its shares plummet since they hit a record high in May 2024 of $64 a share, amid a surge of meme stocks. GME shares are up by 4% in the last month. The BTC news may also boost the price on Wednesday.
GameStop’s results for the fourth quarter were also well received by investors. It reported a profit of 131.3 million dollars, up from 63.1 million in the same period last year. Although the results were lower than some analyst’s estimates, it could have a negative impact on GameStop Bitcoin investments.
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Source: watcher.guru
