{"id":41692,"date":"2025-03-25T15:52:16","date_gmt":"2025-03-25T20:52:16","guid":{"rendered":"https:\/\/bitcoinmagazine.com\/?p=41692"},"modified":"2025-03-25T16:39:12","modified_gmt":"2025-03-25T21:39:12","slug":"gamestop-approves-adding-bitcoin-to-treasury-reserves","status":"publish","type":"post","link":"https:\/\/bitcoinmagazine.com\/news\/gamestop-approves-adding-bitcoin-to-treasury-reserves","title":{"rendered":"GameStop Approves Adding Bitcoin to Treasury Reserves"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div>\n<p>GameStop Corp. (NYSE: GME) <a href=\"https:\/\/investor.gamestop.com\/news-releases\/news-details\/2025\/GameStopAnnouncesUpdate-to-its-Investment-Policy-to-Add-Bitcoin-as-a-Treasury-Reserve-Asset\/default.aspx\" target=\"_blank\" rel=\"noopener\">announced<\/a> that its board of directors has unanimously approved an update to the company\u2019s investment policy, allowing Bitcoin to be held as a treasury reserve asset. The decision follows a series of engagements between GameStop Chairman and CEO Ryan Cohen and prominent figures like Michael Saylor in the Bitcoin industry.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">JUST IN: GameStop <a href=\"https:\/\/twitter.com\/search?q=%24GME&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">$GME<\/a> to buy Bitcoin as a Treasury Reserve Asset.<br><br>They currently hold $4.75 billion in cash \ud83d\udc40 <a href=\"https:\/\/t.co\/hBCK0N44mD\">pic.twitter.com\/hBCK0N44mD<\/a><\/p>&mdash; Bitcoin Magazine (@BitcoinMagazine) <a href=\"https:\/\/twitter.com\/BitcoinMagazine\/status\/1904628496586203425?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">March 25, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>On February 8, Cohen <a href=\"https:\/\/x.com\/BitcoinMagazine\/status\/1888244196848353504\">met<\/a> with Strategy Chairman and well-known Bitcoin advocate Michael Saylor, sparking speculation that GameStop may be adding BTC to its balance sheet. A couple weeks after, Cohen responded to CoinDesk via a tweet <a href=\"https:\/\/x.com\/ryancohen\/status\/1894458869364981938\">stating<\/a> &#8220;Letter received.&#8221; after receiving a letter from Strive Asset Management CEO Matt Cole, which urged GameStop to adopt Bitcoin as a reserve asset.<\/p>\n\n\n\n<p>In its announcement, GameStop noted that its investment policy now permits investments in \u201ccertain cryptocurrency assets, including Bitcoin and U.S. dollar-denominated stablecoins.\u201d The company also acknowledged associated risks, including the potential impact of these investments on its financial results and internal financial controls.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">JUST IN: GameStop <a href=\"https:\/\/twitter.com\/search?q=%24GME&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">$GME<\/a> updates investment policy to allow investing in Bitcoin. <a href=\"https:\/\/t.co\/Y75uDq4ttR\">pic.twitter.com\/Y75uDq4ttR<\/a><\/p>&mdash; Bitcoin Magazine (@BitcoinMagazine) <a href=\"https:\/\/twitter.com\/BitcoinMagazine\/status\/1904626952126029858?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">March 25, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>The policy update was disclosed alongside the company\u2019s financial results for the fourth quarter and full fiscal year ended February 1, 2025.<\/p>\n\n\n\n<p>For the fourth quarter, GameStop reported net sales of $1.283 billion, a decrease from $1.794 billion in the same period the prior year. Selling, general and administrative (SG&amp;A) expenses fell to $282.5 million, compared to $359.2 million in the fourth quarter of the previous year. Net income for the quarter was $131.3 million, up from $63.1 million a year earlier. Adjusted EBITDA for the quarter was $96.5 million, compared to $88.0 million in the prior year\u2019s fourth quarter.<\/p>\n\n\n\n<p>GameStop also disclosed that it held $4.775 billion in cash, cash equivalents, and marketable securities at the end of the quarter. The company completed its exit from Italy and finalized the wind-down of store operations in Germany during this period.<\/p>\n\n\n\n<p>For the full fiscal year 2024, GameStop reported net sales of $3.823 billion, down from $5.273 billion in fiscal year 2023. SG&amp;A expenses for the year were $1.130 billion, compared to $1.324 billion in the prior year. Net income for the year reached $131.3 million, significantly higher than the $6.7 million reported in fiscal year 2023. Adjusted EBITDA for the full year was $36.1 million, compared to $64.7 million in the previous year.<\/p>\n\n\n\n<p>The company has not yet disclosed how much Bitcoin it plans to purchase or when it will begin acquiring BTC, and CEO Ryan Cohen has not yet commented publicly on the addition of Bitcoin to GameStop\u2019s balance sheet at the time of publishing.\u00a0<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"Is GameStop&#039;s CEO Hinting at a Bitcoin Strategy? | Bitcoin Backstage feat. Simon Gerovich\" width=\"696\" height=\"392\" src=\"https:\/\/www.youtube.com\/embed\/WBJS36z9ud0?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>GameStop has updated its investment policy to include Bitcoin as a treasury reserve asset, but has yet to disclose the amount of Bitcoin it plans to acquire.<\/p>\n","protected":false},"author":2511,"featured_media":41693,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4378,4],"tags":[76,717,930,185,5436,611],"class_list":{"0":"post-41692","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-news","8":"category-business","9":"tag-bitcoin","10":"tag-bitcoin-for-corporations","11":"tag-gamestop","12":"tag-michael-saylor","13":"tag-ryan-cohen","14":"tag-treasury-reserve"},"author_data":{"id":2511,"name":"Nik","nicename":"nik","avatar_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2025\/03\/NIK_.jpg"},"featured_image_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2025\/03\/GameStop-Approves-Adding-Bitcoin-to-Treasury-Reserves-1.jpg","_links":{"self":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/41692","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/users\/2511"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/comments?post=41692"}],"version-history":[{"count":0,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/41692\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media\/41693"}],"wp:attachment":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media?parent=41692"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/categories?post=41692"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/tags?post=41692"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}