GameStop has formally revealed it can settle for Bitcoin as one of many property of its treasury reserves. This got here after the corporate’s board of administrators gave it the inexperienced gentle as disclosed alongside GameStop’s fourth-quarter earnings. The gaming firm follows the record of different publicly listed corporations embracing Bitcoin Strategy.
GameStop Updates Investment Policy to Include Bitcoin Holdings
In a latest improvement, GameStop has formally changed its funding coverage, including Bitcoin possession inside its company treasury allocation. The firm officers confirmed it of their earnings launch of the fourth quarter of the fiscal yr 2024.
GameStop’s board unanimously authorised the change. This resolution provides the corporate the flexibility to maintain digital property as a part of its steadiness sheet. Moreover, the replace marks a strategic change in treasury administration and is consistent with the corporate’s evolving monetary framework.
As of the tip of 2024, GameStop reported $5.355 billion in present property. The firm didn’t disclose how a lot of this capital could be directed towards Bitcoin purchases. The announcement contributed to a 5.9% rise in GME shares throughout after-hours buying and selling.
Public Signals From CEO Ahead of Announcement
GameStop CEO Ryan Cohen gave early indicators of curiosity in Bitcoin prior to the formal announcement. In February 2025, Cohen posted a picture of himself with MicroStrategy Executive Chairman Michael Saylor. The picture was taken at an occasion held at Mar-a-Lago, which led to hypothesis about GameStop’s potential shift towards a Bitcoin technique.
Soon after the put up, Matt Cole, CEO of Strive Asset Management, despatched a letter to Cohen. In the letter, Cole inspired GameStop to take into account investing a portion of its money into Bitcoin. Strive Asset Management holds a stake in GameStop via its exchange-traded funds. Cohen later posted “Letter received” on his official account, including to public curiosity.
Public Companies Pursuing Bitcoin Strategy
With this replace, GameStop joins a rising record of publicly traded corporations adopting a Bitcoin technique. Firms like MicroStrategy and Tesla beforehand launched Bitcoin to their steadiness sheets, and GameStop now joins them in diversifying its reserve property past conventional money.
However, the corporate didn’t affirm a timeline for Bitcoin purchases or the full allocation deliberate. The replace displays a shift in company asset administration methods being adopted throughout numerous industries.
Earlier this yr, auto tech agency and Tesla provider Worksport announced the addition of Bitcoin (BTC) and XRP to its treasury reserves. The firm made a six-figure funding and expressed a long-term dedication to its cryptocurrency technique.
Meanwhile, Michael Saylor’s Strategy has continued its aggressive Bitcoin accumulation. The firm just lately acquired 6,911 BTC for $584 million, pushing its whole holdings to 506,137 BTC—over 2% of Bitcoin’s whole provide.
Ronny Mugendi
Ronny Mugendi is a seasoned crypto journalist with 4 years {of professional} expertise, having contributed considerably to numerous media retailers on cryptocurrency traits and applied sciences. With over 4000 printed articles throughout numerous media retailers, he goals to inform, educate and introduce extra individuals to the Blockchain and DeFi world. Outside of his journalism profession, Ronny enjoys the fun of motorbike using, exploring new trails and landscapes.
Disclaimer: The offered content material could embody the non-public opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn’t maintain any duty on your private monetary loss.
