GameStop: No limit set on Bitcoin holdings, may sell its Bitcoin in the future

2025-03-26 19:44:39

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ChainCatcher news, according to Business Insider, GameStop has previously stated in a brief announcement that its board has unanimously approved an updated investment policy to include Bitcoin as a financial reserve asset for the company.

This move is not entirely unexpected, as there have been numerous rumors in recent weeks regarding GameStop and its CEO Ryan Cohen's Bitcoin strategy.

In the 10-K filing, GameStop revealed that the company may invest a portion of its cash, debt, or equity financing proceeds into Bitcoin in the future, "We have not set a limit on our Bitcoin holdings and may sell our Bitcoin." GameStop also released its fourth-quarter financial report on Tuesday evening.

Data shows that as of February 1, the company's revenue for the quarter was $1.283 billion, a significant decline from $1.794 billion in the same period last year.

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