GameStop is reportedly considering investments in alternative asset classes, including cryptocurrencies like Bitcoin, according to sources familiar with the matter on February 13, 2025. The company is actively exploring this strategic direction.
This potential pivot follows GameStop's accumulation of a substantial cash pile, totaling $4.6 billion as of November 2, as disclosed in a December securities filing. The company is evaluating the feasibility and strategic fit of such investments for its business.
The news sparked significant investor interest, with GameStop shares soaring as much as 20% in extended trading. This exploration into crypto assets signals a potential shift in the company's treasury management strategy, following a path similar to MicroStrategy.
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