{"id":125804,"date":"2025-03-25T21:20:23","date_gmt":"2025-03-25T21:20:23","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=125804"},"modified":"2025-03-25T21:20:23","modified_gmt":"2025-03-25T21:20:23","slug":"gamestop-hints-at-future-bitcoin-purchases-following-board-approval","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=125804","title":{"rendered":"GameStop hints at future Bitcoin purchases following board approval"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsGameStop Corporation (GME), the video game retailer turned memecoin stock, is reportedly moving to invest in Bitcoin after its board unanimously approved a plan to acquire digital assets.\u00a0<br \/>\nAccording to a March 25 CNBC report, the company announced that it would use a portion of its corporate cash or future debt issuances to invest in Bitcoin (BTC) and US-dollar-pegged stablecoins.\u00a0<br \/>\nThe plan was further corroborated by the company\u2019s fourth-quarter earnings report, which was released on March 25 and showed intent to acquire Bitcoin and stablecoins.\u00a0<br \/>\n\u201c[T]he Company\u2019s investment policy permits investments in certain cryptocurrency assets, including Bitcoin and US dollar-denominated stable coins,\u201d the financial statement read.<br \/>\nGameStop\u2019s cash reserves stood at more than $4.77 billion as of Feb. 1, compared to just $921.7 million one year earlier.\u00a0<br \/>\nThe video game retailer posted $1.283 billion in net sales during the fourth quarter and $3.823 billion for fiscal 2024.<br \/>\nGameStop\u2019s quarterly financial statements. Source: GameStopRelated: GameStop buying Bitcoin would \u2018bake the noodles\u2019 of TradFi: Swan exec<br \/>\nThis is a developing story, and further information will be added as it becomes available.<a href=\"https:\/\/cointelegraph.com\/news\/gamestop-future-bitcoin-purchases-board-approval?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsGameStop Corporation (GME), the video game retailer turned memecoin stock, is reportedly moving to invest in Bitcoin after its board unanimously approved a plan to acquire digital assets.\u00a0&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125804"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=125804"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125804\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=125804"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=125804"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=125804"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}