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0 0.00222123500666358 0.00133274100399812 -0.00266548200799655 -0.00488671701466013 0.00799644602398933 -0.0102176810306531 -0.0151043980453132
Stock impact report

GameStop Joins The Bitcoin Treasury Game [Forbes]

GameStop Corporation (GME) 
Last gamestop corporation earnings: 3/26 04:06 pm Check Earnings Report
Company Research Source: Forbes
The gaming retailer, which is scheduled to report earnings on March 21, saw its stock price jump more than five percent today. (Photo by Scott Olson/Getty Images) Getty Images GameStop is back in the headlines, and this time it has nothing to do with Roaring Kitty. During its Q1 2025 earnings this Tuesday, GameStop reported that its board had approved the addition of Bitcoin as a treasury reserve asset. This means the company is now authorized to invest a portion of its cash or future debt and equity issuances in Bitcoin. According to its most recent , the company is currently sitting on more than $4.7 Billion worth of cash and cash equivalents. Which is a massive pile relative to the size of its operations. The company made $120 Million in operating income last year. The source of the current cash position was a series of timely equity offerings during one of the stock's volatility episodes. During 2024 short squeeze dynamics drove the price much higher, which allowed the compa Show less Read more
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