#GameStopBitcoinReserve 🔥 GameStop Adds Bitcoin to Treasury Reserves

The video game retailer GameStop announced in its Q4 financial report that it will purchase Bitcoin and dollar-backed stablecoins as part of its treasury reserve assets. The company's board of directors unanimously approved the new investment policy, allowing for the holding of certain cryptocurrency assets.

GameStop currently has $4.7 billion in cash and cash equivalents, which could be partially used to buy Bitcoin and stablecoins. This move is similar to the strategy of Strategy, a company that holds over 506,000 BTC.

Meanwhile, Bitwise's Chief Investment Officer, Matt Hougan, commented that this is the best time to buy Bitcoin, especially as the U.S. government is taking positive steps, including President Trump's establishment of the Strategic Bitcoin Reserve Fund.

Along with supportive policies from the U.S. government and increasing interest from institutional investors, Bitcoin is gradually asserting its role in the global financial system.