GameStop has announced it will invest its cash and future debt into bitcoin, with shares jumping over 15% in premarket trading. The company’s board of directors approved the move, which follows a recent surge in interest from investors. Despite reporting a 28% decline in fourth-quarter revenue, GameStop’s stock rose as investors pile in. The retailer joins a growing list of companies investing in bitcoin, including Strategy and Tesla. With Wall Street gradually embracing bitcoin as a store of value asset, some see it as a safer proxy to the crypto compared to buying it itself.
Source: https://www.businessinsider.com/gamestop-stock-jumps-after-bitcoin-investment-announcement-2025-3