GameStop Soars 15% on Bitcoin Plan

GameStop Stock Surges 15% Pre-Market with Bitcoin Reserve Strategy

• GameStop’s stock rose to $29.6 pre-market, up from $25.4 the previous close.
• The company plans to add Bitcoin as a treasury reserve asset.
• GameStop joins companies like MicroStrategy and Tesla in holding Bitcoin.
• The board of directors unanimously approved this Bitcoin strategy.
• GameStop reported $131 million net income for the fourth quarter, up from $63 million last year.

GameStop’s decision to incorporate Bitcoin into its treasury reserves led to a significant pre-market stock increase, reaching $29.6 after closing at $25.4 the previous day. The move aligns GameStop with other major companies investing in cryptocurrency assets.