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.
