GameStop Corporation (GME) is planning to invest in Bitcoin and stablecoins following board approval.
The company's quarterly financial statement revealed their intent to acquire Bitcoin and stablecoins using a portion of their cash or future debt issuances.
GameStop's cash reserves stood at over $4.77 billion as of Feb 1, 2021, compared to $921.7 million a year earlier.
This move follows GameStop's recent resurgence and their desire to add digital assets to their balance sheet.