Gamestop (GME) has announced its plans to add Bitcoin Cryptocurrency (BTC) as a government debt supply. The company’s board unanimously approved the update to Gamestop’s investment policy on Tuesday. Gamestop shared the news in its Q4 2024 update which was released today.
An announcement about bitcoin pic.twitter.com/gg8jrariok
– Gamestop (@gamestop) March 25, 2025
“The company’s investment policy allows investments in some Cryptocurrency assets, including Bitcoin and US Dollar-Denominated Stable Coins …” Gamestop announced. “The company acquires Bitcoin or US Dollar-Den-dominated stable coins, the company will be exposed to certain risks associated with Bitcoin and stable coins respectively.”
Also read: Alphabet (Googl) makes a big move on the $ 330B market: Now is it time to buy?
Since he hit a height of $ 64 per share in May 2024 in the midst of a Meme share, Gamestop shares have dropped. Over the past month, the GME share is backed up by 4%, and BTC Investment News was able to send the share higher during Wednesday’s trading period.
Investors also praised Gamestop’s results for the fourth quarter. The company reported a net profit of $ 131.3 million, a jump from the figure of $ 63.1 million from the same quarter last year. However, revenue fell during certain analysts’ estimates, which could pump brakes on Gamestop Bitcoin Investment Train.