#GameStopBitcoinReserve

The Board of Directors of GameStop unanimously approved the addition of Bitcoin as a reserve asset for the treasury, allowing the company to invest in Bitcoin and dollar-pegged 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 has $4.7 billion in cash and cash equivalents, which can be invested in Bitcoin and stablecoins. However, the company did not disclose the maximum amount of Bitcoin it can acquire or sell.

GameStop's decision to add Bitcoin to its treasury reserves follows in the footsteps of companies like MicroStrategy, which has heavily invested in Bitcoin.⁴ This step is likely to provide GameStop with a new source of revenue and diversify its investment portfolio.

$BTC