menu
techminis

A naukri.com initiative

google-web-stories
source image

TheNewsCrypto

3w

read

344

img
dot

Image Credit: TheNewsCrypto

GameStop Adopts Bitcoin Treasury Strategy, Echoing MicroStrategy

  • GameStop has unanimously approved adding Bitcoin as a treasury reserve asset, using a portion of its cash reserves.
  • The decision follows a trend of public companies, including MicroStrategy, adopting Bitcoin as part of their financial strategy.
  • GameStop's stock jumped over 8% following the announcement, while Bitcoin's price dropped about 18%.
  • The company reported strong Q4 earnings, but revenue declined due to struggles in the retail gaming market.

Read Full Article

like

20 Likes

For uninterrupted reading, download the app