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
An announcement regarding Bitcoin pic.twitter.com/gG8JRarIok
— GameStop (@gamestop) March 25, 2025
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
