On March 25, 2025, American company GameStop announced the addition of Bitcoin as a reserve asset of the company as part of an update to its investment policy. GameStop specializes in the retail sale of games and software, writes Incrypted.
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What is known
The document states that the company's investment policy allows investments in certain crypto assets, in particular Bitcoin and stablecoins denominated in US dollars.
In addition, the filing with the US Securities and Exchange Commission (SEC) said that the company has not set a maximum amount of the first cryptocurrency that it can accumulate and can sell assets at its own discretion.
GameStop also believes that investments in Bitcoin could have a significant impact on the company's financial results.
“Bitcoin has historically experienced significant price volatility, limited liquidity and trading volume, relative anonymity, potential vulnerability to market manipulation and abuse, and issues with regulatory compliance and internal controls at exchanges,” the document says.
In February 2025, CNBC reported that GameStop may begin investing in Bitcoin and other digital assets.
Strive CEO Matt Cole later called on the US firm to convert nearly $5 billion in cash reserves into bitcoin.
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