GameStop surged 12% after announcing plans to invest cash and future debt into Bitcoin.
Despite a 28% revenue drop in Q4, investor enthusiasm remained strong due to GameStop's bold crypto strategy shift.
GameStop joins other companies in turning to Bitcoin for its financial strategy, following the likes of Tesla, Block, Riot Platforms, and Coinbase.
While GameStop's crypto move signals a shift in the retail industry, the company still faces challenges with declining game sales and adapting to the digital landscape.