GameStop hints at future Bitcoin purchases following board approval 🎮
GameStop Corporation, known for its transformation into a 'memecoin' stock, has announced plans to invest in Bitcoin following board approval. The company intends to utilize its substantial cash reserves or future debts for this investment.
GameStop's fourth-quarter earnings report revealed a significant increase in cash reserves and net sales, backing its plan to include Bitcoin and stablecoins as part of its investment policy.
This move signifies GameStop's strategic pivot toward digital assets, aiming to leverage cryptocurrency opportunities in corporate finance.
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