GameStop is planning to invest in Bitcoin. As part of their Q4 2024 financial report, they announced that they have given the green light to purchasing Bitcoin and keeping it as a reserve asset. This decision was agreed upon by all members of the GameStop board.
An announcement regarding Bitcoin
— GameStop (@gamestop) March 25, 2025
Over the last couple of weeks, there’s been a lot of talk about GameStop potentially investing in Bitcoin. Back in February, CNBC even hinted at the possibility that the company was exploring cryptocurrency investments. However, as of now, no concrete evidence has emerged showing that Bitcoin was acquired during the recent financial quarter. Therefore, if GameStop did make any Bitcoin purchases and any subsequent effects from those transactions occur, they would be disclosed in their next quarterly earnings report.
On Tuesday, March 25, GameStop’s share price dropped by $0.21 per share when market trading closed. However, in post-market hours, there was a slight increase in the share price due to the recent Bitcoin announcement.
As a devoted enthusiast, I can’t help but delve deeper into the intricacies of Tuesday’s GameStop (GME) Q4 2024 earnings report. Stay tuned with Shacknews for the most current insights!
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2025-03-25 23:57