GameStop to Add Bitcoin as Treasury Reserve Asset
- GameStop’s board approved adding Bitcoin to its balance sheet.
- The move aims to diversify the company’s investment portfolio.
- Bitcoin will be added alongside U.S. dollar-denominated stablecoins.
- GameStop holds approximately $4.76 billion in cash.
- The announcement led to a 6% increase in GameStop’s stock price.
- Bitcoin is currently priced at $87,914, a 1.2% increase in the last 24 hours.
GameStop announced plans to diversify its investments by adding Bitcoin and stablecoins as treasury reserve assets, following approval from its board. This decision coincided with a notable rise in the company’s stock value.
Source (2.6)https://dailyhodl.com/2025/03/25/gamestop-approves-plan-to-buy-bitcoin-btc-as-treasury-reserve-asset/?rand=59076
