GameStop to invest corporate cash in bitcoin

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

GameStop board has approved the addition of bitcoin as a treasury reserve asset.

• will use a portion of its cash or future debt or equity issuances to be invested in bitcoin
• did not specify the maximum amount of bitcoin it might buy

This article was written by Eamonn Sheridan at www.forexlive.com.