GameStop plans to add Bitcoin as a treasury reserve asset, sparking stock price increase

From Yahoo Finance: 2025-03-26 09:55:00

GameStop Corp. plans to add Bitcoin as a treasury reserve asset, following the lead of companies like MicroStrategy. GameStop CEO hinted at the move last month, sparking a 14% jump in the stock. Companies investing in Bitcoin have seen significant stock price increases, with Strategy’s stock soaring over 2,600%.

Despite a struggling business, GameStop’s stock rose during the meme-stock frenzy. The company reported a 28% decline in fourth quarter revenue, with hardware and software sales decreasing but collectible sales on the rise. GameStop joins the trend of public companies investing in Bitcoin to capitalize on its surge in value.

Read more: GameStop Adopts Policy to Buy Bitcoin, Joining Other Firms