GameStop Plans to Invest in Bitcoin

On Tuesday, GameStop announced that its board has unanimously approved adding Bitcoin as a treasury reserve asset.

This decision mirrors that of Strategy, the largest corporate holder of Bitcoin, which recently dropped “Micro” from its name and introduced a new logo to highlight its commitment to the cryptocurrency industry.

Strategy described this rebranding as “a natural evolution” as it aims to integrate Bitcoin—the world’s largest cryptocurrency—into its core business operations.

GameStop’s move follows an executive order from US President Donald Trump, aiming to establish a strategic reserve of cryptocurrencies using tokens already owned by the government.