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Gamestop to invest in Bitcoin


Gamestop, this fiscal year has linked the “significant number” of the store in addition to this financial year and revoked the investment policy, the video has opened a video to invest in Bitcoin.

The company announces revision of investment policy on Tuesday Bitcoin includes “As a treasure reserve asset.”

Gamestop said According to the Securities and Exchange Commission, according to investment policy (SEC), now part of our cash or future debt and capital emissions can be invested in investment in Bitcoin.

Gamestop

Gamestop is waiting for a regulation document on Tuesday that this year is “an important number” this year. (Shelby Knowers / Bloomberg Getty Imager / Getty Images)

“We have not set the maximum amount Bittoin We can get a collection and sell any bitcoin we can get, “said Gamestop.

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Update investment policy, the Board was a unanimous decision by the Board of CEO Ryan Cohen and five people.

Bitcoin crypto

Gametop has announced the revision of investment policy to include Bitcoin as a treasury reserve asset. (Chesnot / Getty Images / Getty Images)

“The general purpose of investment policy is to provide a sufficient liquidity to pay the company’s daily financial liabilities and optimize investment income in investment policy instructions,” said Gamestop.

Gamestop’s shares rose to the news.

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Gamestop gained net sales in the last quarter of the fiscal year in sales of $ 1.28 billion in sales, a year by year and 28.5%. His net income reached $ 131.1 million.

Ticker Safety Last Change Change%
GME Gamestop Corp. 28.39 +2.94

+ 11.58%

In retailing year, $ 3.82 billion in sale in retail sales, $ 3.82 billion and the net income has seen $ 131.3 million.

Meanwhile, the price of Bitcoin was twinkling from $ 87,000 on Wednesday.

Gamestop

In New York, a gamestop store on March 4, 2024. (Shelby Knowers / Bloomberg Getty Imager / Getty Images)

Investment policy is coming to update report Last month, Gamestop suggested that the entrance to cryptoceal.

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The company is trying to increase its profitability Retail work. At the end of the fourth quarter, about 3,200 shops in the world, less than 970 from a year ago.

Gamestop announced on Tuesday in an arrangement document that stores the “significant number” of the stores this year. It has not yet determined which stores would be in shots.

Stores sell video game consoles, software, collection and other products.



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