GameStop to Buy Bitcoin Following Board Approval

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GameStop, often credited as the first meme stock, may soon embrace Bitcoin, as suggested by its CEO.

The video game retailer announced its Q4 earnings after the market closed at 4 p.m. Eastern Time on Tuesday.

Last month, Strive Asset Management proposed that GameStop should become a “premier Bitcoin treasury company in the gaming sector” by converting its cash reserves into Bitcoin.

GameStop Chairman and CEO Ryan Cohen acknowledged the proposal on X, formerly Twitter, stating, “Letter received,” without further comment.

Louis Adams https://www.satoshihodler.com

I am an experienced crypto news writer. I have been in the industry for many years and believe this tech can bring financial freedom to everyone.