📰 News Alert...

🔖 Title: GameStop Ventures into Bitcoin Investment Following Board Approval

🗓️ Published: 2025-03-25T12:00:00-04:00

📄 Summary: GameStop Corporation (GME), the iconic video game retailer, is set to invest in Bitcoin after its board unanimously approved a plan to acquire digital assets. The company plans to utilize part of its $4.77 billion cash reserves or future debt to invest in Bitcoin and US dollar-pegged stablecoins. This strategic move reflects GameStop's recovery trajectory and aims to enhance its financial stability, following a noteworthy resurgence after the meme stock frenzy during the pandemic.

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https://www.cnbc.com/2025/03/25/gamestop-says-it-will-add-bitcoin-as-a-treasury-reserve-asset.html

🗞️ Source: CNBC by Sam Bourgi

💓 #GameStop #Bitcoin #Cryptocurrency