From Yahoo Finance: 2025-03-25 16:17:00

GameStop’s board approves adding bitcoin as a treasury reserve asset, following Strategy’s lead in embracing cryptocurrency. This decision aligns with a trend towards integrating bitcoin into business operations. The move coincides with President Trump’s executive order to establish a strategic reserve of cryptocurrencies. GameStop plans to invest in bitcoin using cash or future debt.

GameStop sees a rise in fourth-quarter profit, doubling net income to $131.3 million, as it focuses on cost reduction amidst challenges in its retailing business. The company closes stores and anticipates more closures in the future to adapt to changing consumer preferences towards digital downloads and e-commerce. Fourth-quarter revenue decreased to $1.28 billion from $1.79 billion the previous year.



Read more at Yahoo Finance: GameStop echoes Strategy in doubling down on bitcoin, expects to close more stores in 2025