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GameStop Board Votes to Add Bitcoin as Treasury Reserve Asset

  • GameStop announced that its board unanimously voted to add bitcoin as a treasury reserve asset.
  • A portion of GameStop's cash or future debt and equity issuances may be invested in bitcoin, with no set maximum amount.
  • The company acknowledges the risks associated with bitcoin, including volatility, limited liquidity, and market manipulation.
  • GameStop CEO, Ryan Cohen, is implementing strategies, including investing in bitcoin, to revive the struggling business.

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