Share this article
GameStop to Add Bitcoin to Balance Sheet
Company CEO Ryan Cohen had teased possible purchases weeks ago, notably sharing a photo of himself and Strategy's Michael Saylor at a Mar-a-Lago event
Updated Mar 26, 2025, 1:46 p.m. Published Mar 25, 2025, 8:11 p.m.
Make us preferred on Google
What to know:
- GameStop said it will add bitcoin as a treasury reserve asset.
- The company had cash and cash equivalents of $4.76 billion as of the end of Q4.
- The move was not totally unexpected as CEO Ryan Cohen had teased bitcoin purchases for his company several weeks ago.
GameStop (GME) has added its name to the quickly-growing roster of publicly-traded companies adopting a bitcoin treasury strategy.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Alongside its fourth quarter earnings report, the company said its board unanimously approved adding bitcoin as a treasury reserve asset.
CEO Ryan Cohen in early February got tongues wagging when he posted a picture of himself and Strategy (MSTR) Executive Chairman Michael Saylor at Donald Trump's Mar-a-Lago.
Several days later, Strive Asset Management CEO Matt Cole sent a letter to Cohen urging GME to use at least part of its nearly $5 billion of cash on hand to purchase bitcoin. Co-founded by Vivek Ramaswamy, Strive is an owner of GME through its ETFs.
"We believe GameStop has an incredible opportunity to transform its financial future by becoming the premier bitcoin treasury company in the gaming sector," wrote Cole.
Cohen further raised eyebrows when he tweeted out, "Letter received."
GME shares are up 5.7% in after hours trading. Bitcoin has gained modestly on the news, now trading at $88,500, ahead about 0.2% from 24 hours ago.
GameStop (GME) has added its name to the quickly-growing roster of publicly-traded companies adopting a bitcoin treasury strategy. Alongside its fourth quarter earnings report, the company said its board unanimously approved adding bitcoin as a treasury reserve asset. CEO Ryan Cohen in early February got tongues wagging when he posted a picture of himself and Strategy (MSTR) Executive Chairman Michael Saylor at Donald Trump's Mar-a-Lago. Several days later, Strive Asset Management CEO Matt Cole sent a letter to Cohen urging GME to use at least part of its nearly $5 billion of cash on hand to purchase bitcoin. Co-founded by Vivek Ramaswamy, Strive is an owner of GME through its ETFs. We believe GameStop has an incredible opportunity to transform its financial future by becoming the premier bitcoin treasury company in the gaming sector, wrote Cole. Cohen further raised eyebrows when he tweeted out Letter received. GME shares are up 5.7% in after hours trading. Bitcoin has gained modestly on the news, now trading at $88,500, ahead about 0.2% from 24 hours ago.
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Here’s why bitcoin’s is failing its role as a 'safe haven' versus gold
Bitcoin behaves more like an "ATM" during uncertain times, with investors quickly selling it to raise cash.
What to know:
- During recent geopolitical tensions, Bitcoin lost 6.6% of its value, while gold rose 8.6%, demonstrating bitcoin's vulnerability in times of market stress.
- Bitcoin behaves more like an "ATM" during uncertain times, with investors quickly selling it to raise cash, contrary to its reputation as a stable digital asset.
- Gold remains the preferred hedge for short-term risks, while bitcoin is better suited for long-term monetary and geopolitical uncertainties that unfold over years.
Top Stories
