GameStop Increases Treasury Reserve Assets by Adding Bitcoin, Stock Soars 6.30%

In a significant development within the cryptocurrency landscape, GameStop has revealed an updated investment policy to incorporate Bitcoin into its treasury reserve assets as of March 26. This strategic decision is likely to bolster the company’s financial position by leveraging the growing popularity of digital assets. Following the announcement, GameStop’s stock experienced a notable increase, surging by 6.30% in after-hours trading, positioning itself at $25.40. This move underscores a trend among traditional corporations exploring the integration of cryptocurrencies into their asset portfolios, aimed at enhancing liquidity and appealing to a broader investor base. As the market continues to evolve, the inclusion of Bitcoin in corporate treasuries reflects a growing acceptance of digital currencies as a legitimate investment vehicle, further driving the crypto market into the mainstream.