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Lentog Tanjung
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#GameStopBitcoinReserve On March 25, 2025, GameStop Corp. announced that its board unanimously approved the addition of Bitcoin (BTC) as a treasury reserve asset. This strategic move aligns GameStop with other corporations integrating cryptocurrencies into their financial strategies. The decision follows a proposal from Matt Cole, CEO of Strive Asset Management, who, in a letter dated February 24, 2025, recommended that GameStop convert a significant portion of its nearly $5 billion cash reserves into Bitcoin. Cole asserted that such an investment could transform GameStop into a premier Bitcoin treasury company within the gaming sector. In response to the announcement, GameStop's stock experienced a notable uptick, rising approximately 6% in post-market trading. This increase reflects investor optimism regarding the company's new direction. By adopting Bitcoin as part of its treasury reserves, GameStop aims to diversify its asset base and position itself at the forefront of financial innovation in the gaming industry. This move underscores the growing trend of corporations embracing digital assets to enhance their financial strategies.
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