GameStop’s Stocks Surge 6.30% After Bitcoin’s Inclusion

GameStop stocks rise after it announced today that it will update its investment policy to include Bitcoin in its treasury reserve assets.

Written by Ritu Lavania

Fact checked by Harsh Chauhan

Last Updated May 19, 2025, 06:29 UTC

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GameStop, the electronics retail firm, announced today that it will update its investment policy to include Bitcoin in its treasury reserve assets. This move seems to have had a positive impact on the company’s stock, as GameStop’s US shares surged by 6.30% after market hours, now trading at $25.40.

GameStop Includes Bitcoin in Reserve

According to the company’s filing, “The Company’s investment policy permits investments in certain cryptocurrency assets, including Bitcoin and US dollar stablecoins. If the Company acquires Bitcoin or US dollar stablecoins, the Company will be exposed to specific risks associated with Bitcoin or stablecoins; and the Company’s ability to maintain effective internal financial reporting controls.”

MicroStrategy CEO Michael Saylor approved the move saying, “A step in the right direction.”

More businesses are adopting Bitcoin as part of their treasury diversification strategies. Recently, trillion-dollar asset management giant T. Rowe Price stated that now is the “golden time” to invest in Bitcoin. However, some financial institutions remain skeptical about holding Bitcoin in reserves. Jan Kubicek, a board member of the Czech National Bank, has raised concerns about the legal uncertainties and volatility surrounding the Bitcoin.

As for Bitcoin, it is currently trading at $87,950.89, having surged by over 1.43%. Additionally, Bitcoin’s market capitalization stands at $1.74 trillion.

Also Read: South Korea: Not Considering Including Bitcoin in Foreign Exchange Reserves

Written By Ritu Lavania

Ritu Lavania is a Crypto Journalist at CryptoNewsZ with over three years of experience. She focuses on deep research and clear, honest reporting. She specializes in breaking news and regulatory updates. Ritu tracks how new laws impact the digital asset market. She also follows emerging trends like AI-driven blockchains and Web3 tech. As an active member of the crypto community, she regularly tests new dApps and wallets. Ritu’s goal is to provide fast, easy-to-read news that helps readers stay ahead in the fast-moving crypto world.

Fact Checked By Harsh Chauhan

Harsh Chauhan is a Senior News Editor at CryptoNewsZ. He has spent years reporting on the digital economy. He focused on DeFi, NFTs, AI, and digital asset developments. Harsh has a BBA in Marketing and a Blockchain Foundation certification. He does more than just share news. He uses on-chain data to explain Bitcoin ETFs and tokenized assets. Harsh is also a hands-on user. He has been staking and trading NFTs since 2021. His work helps readers understand a complex market with simple, data-backed facts.

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