👀 GameStop prepares to invest in Bitcoin: added to treasury assets
GameStop has updated its investment policy to include Bitcoin among its treasury reserve assets. The announcement came alongside financial results that exceeded expectations.
The decision follows a meeting between CEO Ryan Cohen and Michael Saylor, president of Strategy. However, GameStop has not yet purchased bitcoin nor set a maximum limit for potential future acquisitions.
With $4.775 billion in cash and marketable securities, the company may use its own funds or issue debt and equity for potential future purchases.
Atlas21’s article. ⬇️
Atlas21
GameStop follows Strategy: Bitcoin added to treasury assets
The video game giant GameStop has added Bitcoin to its investable assets following a meeting with Michael Saylor. GameStop has