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GameStop hints at future Bitcoin purchases following board approval

cryptoweekly by cryptoweekly
March 25, 2025
in bitcoin, News
0

The video game retailer’s cash pile rose to nearly $4.8 billion as of Feb. 1, compared with $921.7 million a year earlier.

GameStop Corporation (GME), the video game retailer turned memecoin stock, is reportedly moving to invest in Bitcoin after its board unanimously approved a plan to acquire digital assets. 

According to a March 25 CNBC report, the company announced that it would use a portion of its corporate cash or future debt issuances to invest in Bitcoin (BTC) and US-dollar-pegged stablecoins. 

The plan was further corroborated by the company’s fourth-quarter earnings report, which was released on March 25 and showed intent to acquire Bitcoin and stablecoins. 

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  • Shanghai regulator eyes a yuan-based stablecoin
  • Can you earn passive income running a Lightning node?
  • LIBRA token creator fights class suit, citing lack of jurisdiction
  • Tasmanian police find top 15 crypto ATM users are scam victims
  • Bitcoin, Ether ETFs clock second-biggest day of inflows on record
  • OpenAI faces IRS complaint over alleged tax violations
  • Investors are balking at ‘excessive’ Bitcoin miner exec pay: VanEck

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