Earnings Results
GameStop’s board has approved an update to its investment policy to add bitcoin as a treasury reserve asset
Published: March 25, 2025 at 4:36 p.m. ET
Shares of GameStop Corp. rose more than 6% in extended trading Tuesday after the videogame retailer and original meme stock announced its eagerly-anticipated foray into bitcoin.
In a short statement, GameStop GME said its board has unanimously approved an update to its investment policy to add bitcoin BTCUSD as a treasury reserve asset. The move was not completely out of the blue — bitcoin buzz has swirled around GameStop and its Chief Executive Ryan Cohen in recent weeks.
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