#GameStopBitcoinReserve $BTC GameStop Corp. has announced that its board of directors unanimously approved updating the company's investment policy to include Bitcoin as a treasury reserve asset. This decision allows GameStop to allocate a portion of its cash reserves or future financial resources into Bitcoin, though the company has not specified a maximum investment amount.

This strategic move aligns GameStop with other corporations, such as Strategy, that have integrated Bitcoin into their financial strategies. The announcement has positively impacted GameStop's stock, which saw a significant increase following the news.

In its recent financial report, GameStop disclosed a fourth-quarter profit of $131.3 million, despite a decline in revenue to $1.28 billion from $1.79 billion the previous year. The company also reported cash and cash equivalents totaling $4.775 billion as of the end of the quarter, providing substantial liquidity to support this new investment strategy.

While GameStop has not detailed the specific amount of Bitcoin it plans to acquire, the company acknowledges the inherent volatility and risks associated with cryptocurrency investments. The board's decision reflects a broader trend of corporate adoption of digital assets as part of treasury management strategies.