🥳 Earning Growth Points can Win an iPhone 16?
🔥 Gate Post Growth Points Summer Lucky Draw Round 1️⃣ 1️⃣ Is Live!
🎁Prize pool over $10,000! Win iPhone 16 Pro Max 512G, exclusive Gate merch, popular tokens & more!
Try your luck now 👉 https://www.gate.com/activities/pointprize?now_period=11
How to earn Growth Points fast?
1️⃣ Go to [Post], tap the icon next to your avatar to enter [Community Center]
2️⃣ Complete daily tasks like posting, commenting, liking, and chatting to earn points
New feature this round: “Fragment Exchange”! Collect fragments to redeem exclusive Gate merch!
100% chance t
Gamestop Unleashes Bitcoin Strategy—Can $4.8B Make GME a Crypto Titan?
Gamestop has unveiled a bitcoin reserve strategy, aligning with soaring institutional BTC adoption while sitting on a $4.8 billion cash stockpile, fueling its most disruptive pivot yet.
$4.8B on Deck: Gamestop to Load Treasury With Bitcoin—Is the Game Just Beginning?
Gamestop Corp. (NYSE: GME) announced on March 25 that its board of directors had “unanimously approved an update to its investment policy to add bitcoin as a treasury reserve asset.”
The company explained that a portion of its current cash balance, as well as proceeds from potential future debt or equity offerings, might be allocated toward acquiring BTC. This action represents a marked departure from the retailer’s traditional treasury management strategy, following prolonged calls from investors and digital currency proponents for the company to incorporate cryptocurrency into its financial structure. Gamestop’s new investment guidelines state:
Financial results for the fiscal fourth quarter and full year ending Feb. 1, 2025, were issued alongside the investment update. Quarterly net sales dropped to $1.283 billion from $1.794 billion in the previous year. Nevertheless, net income improved to $131.3 million, compared with $63.1 million, attributed largely to reductions in operating expenses. On a full-year basis, net sales declined to $3.823 billion from $5.273 billion, while net income surged to $131.3 million from $6.7 million. The company also finalized its withdrawal from the Italian market and completed the shutdown of its business operations in Germany. In addition, Gamestop reported year-end cash and cash equivalents of $4.757 billion.
Several figures in the crypto industry responded to Gamestop’s new bitcoin strategy. Commenting on the company holding $4.757 billion in cash, Bitgo CEO Mike Belshe suggested on social media platform X:
CNBC’s Mad Money host Jim Cramer also remarked: “Gamestop is finally doing my bitcoin ploy!!” In February 2021, Cramer proposed Gamestop raise funds to buy BTC and convert its 5,000 stores into crypto hubs, calling it a way to justify the stock’s value and boost its future.
Interest in bitcoin as a reserve asset is growing across both public and private sectors. U.S. President Donald Trump recently issued an executive order to create a strategic bitcoin reserve and a cryptocurrency stockpile. Several state governments are pursuing or considering similar measures. Meanwhile, companies like Strategy (Nasdaq: MSTR) continue expanding their crypto holdings, reflecting broader institutional adoption.