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Coin Telegraph

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Image Credit: Coin Telegraph

GameStop hints at future Bitcoin purchases following board approval

  • 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.

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