menu
techminis

A naukri.com initiative

google-web-stories
source image

Cryptonews

3w

read

331

img
dot

Image Credit: Cryptonews

GameStop Adopts Bitcoin as Treasury Reserve, Shares Surge on Cryptocurrency Strategy

  • GameStop has updated its investment policy to include Bitcoin as a treasury reserve, with no cap on accumulation and the ability to sell as needed.
  • The board unanimously approved this change on March 18, as disclosed in the company's 2024 SEC annual report.
  • GameStop's investment policy now allows for investment in certain cryptocurrencies, including Bitcoin, with no set maximum limit on accumulation.
  • The announcement led to a surge in GameStop shares, with a 8.7% increase in the daily timeframe.

Read Full Article

like

19 Likes

For uninterrupted reading, download the app