Business

GameStop Embraces Bitcoin Following Board Approval

GameStop has officially entered the crypto space by approving an investment policy that allows the company to hold Bitcoin (BTC) and stablecoins.

Haider Jamal
March 26, 2025

GameStop’s Crypto Shift

GameStop’s board unanimously approved the new policy, directing some of its cash reserves or future debt towards digital asset holdings.

Source: X (@jimcramer)

As of February 1st, GameStop held over $4.77 billion in cash reserves, up significantly from $921.7 million the previous year.

Copying Strategy

This shift is similar to the approach taken by Strategy, led by Bitcoin advocate Michael Saylor. Speculation about GameStop’s crypto plans began in February when CEO Ryan Cohen posted a photo with Saylor, fueling rumors of a Bitcoin purchase.

GameStop’s new policy now confirms its belief in Bitcoin as a long-term investment, following in the footsteps of Strategy, which recently increased its Bitcoin holdings to over 506,000 BTC.

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Haider Jamal

Content Strategist

Haider is a fintech enthusiast and Content Strategist at CryptoWeekly with over four years in the Crypto & Blockchain industry. He began his writing journey with a blog after graduating from Monash University Malaysia. Passionate about storytelling and content creation, he blends creativity with insight. Haider is driven to grow professionally while always seeking the next big idea.