GameStop to Add Bitcoin (BTC) to Balance Sheet

JH Kim

Summary

The GameStop board unanimously approved the plan to add Bitcoin to its balance sheet.
As of the end of 2024, GameStop's liquid assets amount to $5.35 billion.
Strive CEO Matt Cole urged the GameStop CEO to adopt BTC as a reserve asset.

On the 25th (local time), according to cryptocurrency specialist media CoinDesk, the GameStop (GME) board unanimously approved the plan to add Bitcoin (BTC) to its balance sheet.

As of the end of 2024, GameStop's liquid assets amount to $5.35 billion.

Previously, it was reported that Matt Cole, CEO of American asset management company Strive, sent a letter to GameStop CEO Ryan Cohen urging the adoption of BTC as a reserve asset.

In response, Ryan Cohen replied on his X (formerly Twitter), "The proposal is well received."

BTC

JH Kim

reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.

GameStop to Add Bitcoin (BTC) to Balance Sheet

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