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Market News GameStop Reveals Plans to Use Bitcoin as a Reserve Asset

GameStop Reveals Plans to Use Bitcoin as a Reserve Asset

GameStop announced that it has updated its investment policy to include Bitcoin as a treasury reserve asset. The company also said it would acquire stablecoins as part of its investment policy.

2025-03-26

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Bitcoin

Video game retailer GameStop announced in its fourth-quarter financial report on Tuesday that it would acquire Bitcoin (BTC) and U.S. dollar (USD)-based stablecoins as treasury reserve assets.

GameStop announced that its board of directors unanimously approved the acquisition of Bitcoin and stablecoins as treasury reserve assets. According to its fourth-quarter financial report, the company has made changes to its investment policy to allow for the acquisition of certain crypto assets.

"The company's investment policy permits investments in certain cryptocurrency assets, including Bitcoin and U.S. dollar-denominated stablecoins," the report stated.

GameStop also reported that it had $4.7 billion in cash and cash equivalents as of February 1. The company did not give an estimate for its digital asset purchases, but it is likely to follow Strategy, which is the largest corporate holder of bitcoin.

Strategy currently holds 506,137 bitcoins, with an average purchase price of $66,608 per coin. The company provides a model for other companies that want to include Bitcoin in their treasury reserves.

GameStop may invest part of its cash holdings or funds from upcoming debt and equity issuances in Bitcoin and stablecoins pegged to the U.S. dollar.

Meanwhile, Bitwise chief investment officer Matt Hougan said in a report on Tuesday that now is the best time in history to buy Bitcoin.

Hougan explained that Bitcoin initially presented significant risks — such as technological uncertainty, unreliable trading platforms and regulatory concerns. However, he noted that these risks have been eliminated over time.

He also believes that the US government’s decision to embrace Bitcoin is a strategic move to maintain its dominant position in the global financial system. This move comes after President Trump signed an executive order to establish a strategic bitcoin reserve earlier this month.