đšđš #GameStopBTC đš$BTC đšđš
Hereâs the latest on GameStopâs Bitcoin Treasury Move đąđ°:
đ Stock Surge: GameStopâs ($GME) stock jumped 15% đ after announcing it will hold Bitcoin as a treasury reserve asset. (Yahoo Finance)
đŒ Board Approval: The board unanimously approved adding Bitcoin to its investment strategy. (Investor Relations)
đ Financial Boost: Despite a 28% drop in Q4 sales ($1.28B), net income more than doubled to $131.3M due to cost-cutting & e-commerce pivot. (Reuters)
đ° Cash Reserves Growth: GameStopâs cash & securities surged to $4.775B, providing strong liquidity for Bitcoin purchases. (MarketWatch)
đŠ Following Giants: GameStop joins MicroStrategy & Tesla in holding Bitcoin đđ as a treasury asset. MicroStrategy now owns $40B+ in BTC. (XTB)
đșđž Government & BTC: The U.S. government recently announced a Strategic Bitcoin Reserve đïž, adding to institutional adoption trends. (Reuters)
đ„ Bitcoin Price Today: BTC is currently trading at $86,669 đđș
Whatâs Next?
Will GameStopâs crypto strategy fuel another retail investor frenzy? đđźđ
More details:
GameStopâs Bitcoin Move â MarketWatch
Stock Movers â Barronâs
GameStopâs Crypto Pivot â Reuters
Whatâs your take on this? Bullish or skeptical? đđ
