Gamestop Tips for future Bitcoins purchases after approval of the management board

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Gamestop Corporation (GME), a video game seller who transformed Memecoin shares, apparently moves to invest in Bitcoin after its management unanimously approved the plan to acquire digital assets.

According to For the CNBC report of March 25, the company announced that it uses some of its enterprises or future debt emissions to invest in Bitcoin (BTC) and Stablecouins with the US dollar.

The plan was additionally confirmed by a report on earnings in the fourth quarter, which was issued on March 25 and showed the intention to take over Bitcoin and Stablecouins.

“[T]The company’s investment policy allows investment in some cryptocurrency assets, including Bitcoin and stable coins denominated in American dollars, “we read on the financial statements.

Gamestop cash reserves amounted to over USD 4.77 billion as of February 1, compared to only USD 921.7 million a year earlier.

The seller of video games has published $ 1,283 billion net sales in the fourth quarter and $ 3.823 billion for the 2024 tax year.

Gamestop quarterly financial statements. Source: Gamestop

Related: Gamestop buying bitcoin “bake pasta” tradfi: swan exec

After a strategic textbook

Gamestop broke off the convention during a pandemic, when the center of the madness of memes became, which reversed the company’s fortune. Since then, video game seller has shown signs of improvement, and a return to profitability in a tax year 2023.

Rumors about Gamestop Bitcoins began to circulate in February, causing an augment in GME action.

Earlier this month, the general director of Gamestop, Ryan Cohen, published in social media of non -voltage photos together with the chairman of the executive strategy and Bitcoin Mega Bull Michael Saylor, who further predicted waiting for the upcoming purchase of BTC.

Shares, companies

Source: Ryan Cohen

Now, over a month later, Gamestop seems to be ready to pull the page out of the strategy textbook, adding Bitcoin to the balance.

Earlier this week, Saylor announced that the strategy acquired an additional 6911 Bitcoins, increasing its total supply to 506 137 BTC. The company now has about 2.4% of the total Bitcoin supply.

Related: The strategy announces 10% of the preferred offer of shares for the purchase of more bitcoins

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