The post BREAKING: The Rumours Turned Out To Be True – GameStop Will Add Bitcoin To Its Treasury appeared on BitcoinEthereumNews.com.

According to breaking news, GameStop has updated its investment policy to include Bitcoin as a treasury reserve asset. The company announced in its latest earnings report that its board of directors unanimously approved adding Bitcoin as a treasury reserve asset. The move comes after weeks of speculation that GameStop Chairman and CEO Ryan Cohen had been involved in a feud with MicroStrategy CEO Michael Saylor at Donald Trump’s Mar-a-Lago residence in early February. Days later, Strive Asset Management CEO Matt Cole sent a letter urging GameStop to allocate some of its $5 billion cash reserves to Bitcoin. Strive, founded by Vivek Ramaswamy, invests in GameStop through its ETFs. Following the announcement, GameStop shares rose 5.7% in after-hours trading. *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data! Source: https://en.bitcoinsistemi.com/breaking-the-rumours-turned-out-to-be-true-gamestop-will-add-bitcoin-to-its-treasury/

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Filed under: News - @ March 26, 2025 1:20 am