16 place 3

512 GameStop To Invest Corporate Cash In Bitcoin, Following In Footsteps of MicroStrategy

Slashdot
BeauHD @ Slashdot · 03/25/2025 21:01 EDT

GameStop To Invest Corporate Cash In Bitcoin, Following In Footsteps of MicroStrategy

GameStop announced it will invest part of its corporate cash in bitcoin and stablecoins, following MicroStrategy's lead. The meme stock jumped more than 6% in extended trading Tuesday following the news. CNBC reports: The video game retailer said a portion of its cash or future debt and equity issuances may be invested in bitcoin and U.S. dollar-denominated stablecoins. As of Feb. 1, GameStop held nearly $4.8 billion in cash. The firm also said it has not set a ceiling on the amount of bitcoin it may purcha

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