NEWSLETTER
According to reports, Gamestop Corporation (GME), the video game retailer converted into Memecoin actions, is moving to invest in bitcoin after its Board unanimously approved a plan to acquire digital assets.
<a target="_blank" data-ct-non-breakable="null" href="https://www.cnbc.com/2025/03/25/gamestop-says-it-will-add-bitcoin-as-a-treasury-reserve-asset.html” rel=”nofollow noopener” target=”_blank” text=”null” title=”https://www.cnbc.com/2025/03/25/gamestop-says-it-will-add-bitcoin-as-a-treasury-reserve-asset.html”>According For a CNBC report on March 25, the company announced that it would use a part of its corporate cash or future debt emissions to invest in bitcoin (btc) and stable of American dollars.
The plan was corroborated by the company's fourth -quarter profit report, which was published on March 25 and showed the intention of acquiring bitcoin and Stablecoins.
“(T) The company's investment policy allows investments in certain cryptocurrency assets, including stable currencies called in bitcoin and the US dollar,” said the financial statement.
Gamestop's cash reserves were more than $ 4.77 billion as of February 1, compared to only $ 921.7 million a previous year.
The video game retailer registered $ 1,283 billion in net sales during the fourth quarter and $ 3,823 billion for fiscal year 2024.
Gamestop quarterly financial statements. Fountain: Gamestop
Related: The purchase of Gamestop bitcoin 'Bakery Los Esdu' de Traffi: Swan Exec
Following the strategy play book
Gamestop left the convention during the pandemic when it became the center of a memes stock frenzy that changed the company's fortune. Since then, the video game retailer has shown signs of improvement, with a return to profitability in fiscal year 2023.
Rumors about Gamestop's interest in bitcoin began to circulate in February, which caused an increase in the GME stock.
At the beginning of the month, the Gamestop CEO, Ryan Cohen, published a photo without snts on social networks along with the Executive President of Strategy and bitcoin Mega Bull Michael Saylor, which further fueled the anticipation of an imminent purchase of btc.
Fountain: <a target="_blank" data-ct-non-breakable="null" href="https://x.com/Ryan__Rigg/status/1888240099072352408″ rel=”null” target=”null” text=”null” title=”https://x.com/Ryan__Rigg/status/1888240099072352408″>Ryan Cohen
Now, more than a month later, Gamestop seems to be ready to take a page from the strategy book of the strategy adding bitcoin to his balance.
Earlier this week, Saylor announced that the strategy had acquired an additional 6,911 bitcoin, which led its total reserve to 506,137 btc. The company now has approximately 2.4% of bitcoin's total supply.
Related: The strategy announces 10% of the offer of preferred shares to buy more bitcoins
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