GameStop To Add Bitcoin To Treasury As T. Rowe Price Says Buy Bitcoin
GameStop (GME) is set to join the growing list of publicly traded companies adding Bitcoin to their treasuries, as trillion-dollar asset manager T. Rowe Price calls it a “really good time” to buy the cryptocurrency. GameStop said in its Q4 earnings report that its board unanimously approved adding Bitcoin to its treasury. The video game retailer plans to use a portion of its corporate cash or future debt issuances to acquire BTC and USD-pegged stablecoins. GameStop CEO Pictured With Michael Saylor At Donald Trump’s Mar-a-Lago GameStop CEO Ryan Cohen hinted at the move back in early February when he posted a picture of himself and Strategy Executive Chair Michael Saylor at Donald Trump’s Mar-a-Lago estate. pic.twitter.com/wlOwEGli6n — Ryan Cohen (@ryancohen) February 8, 2025 GameStop’s cash reserves stood at over $4.77 billion as of Feb. 1, the report showed, up from $921.7 million a year earlier. In the days after Cohen posted t...