GameStop Adopts Bitcoin as Treasury Reserve, Shares Surge on Cryptocurrency Strategy
- GameStop updated its Investment policy to include Bitcoin as a treasury reserve, with no cap on accumulation and the ability to sell as needed.
- The board unanimously approved this change on March 18, as disclosed in the company’s 2024 SEC annual report.
On Tuesday, popular American video game retailer GameStop updated its Investment Policy, adding “certain crypto-currencies, including Bitcoin” as permissible investment instruments.
The company’s board approved the change unanimously on March 18, disclosed in GameStop’s 2024 annual report filed with the SEC after the market closed. The filing noted that the company has not set a maximum limit on the amount of Bitcoin it may accumulate and…
