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GameStop Joins Corporate Bitcoin Frenzy, Bitcoiners Laud Company's Business Evolution

Joins Corporate Bitcoin Frenzy
International Business Times Fews App News Provider
Fews App Post Time 5d ago

GameStop has evolved from a gaming retailer to a meme stock leader, and now, a corporate Bitcoiner. AFP KEY POINTSGameStop said its board approved a Bitcoin treasury strategy that will expand its investment portfolio to include $BTCPopular Bitcoiners, including Strategy's Michael Saylor, praised GameStop's decisionGameStop has had multiple downturns in recent years amid a decline in demand for used gamesGaming retailer and meme stock leader GameStop has just joined the list of publicly listed companies that adopted a Bitcoin treasury strategy, paving the way for the company to get a bite from the growing corporate BTC holder market. In a rather short press release, the company said that on Tuesday its board "unanimously approved an update to its investment policy to add Bitcoin as a treasury reserve asset.

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