#GameStopBitcoinReserve GameStop, the renowned video game retailer, has announced its decision to adopt Bitcoin as a treasury reserve asset. This strategic move, unanimously approved by the company's board, allows GameStop to allocate a portion of its cash reserves or future financing into Bitcoin investments.
The announcement has generated significant interest among investors, leading to an 8% surge in GameStop's stock during after-hours trading. This initiative aligns GameStop with other corporations like Strategy, which have integrated Bitcoin into their financial strategies. It also follows recent executive actions aimed at establishing a strategic reserve of cryptocurrencies.