GameStop board approves adding bitcoin as a treasury reserve asset; reports profit rise
Government
GameStop said on Tuesday that its board has unanimously approved the addition of bitcoin as a treasury reserve asset, sending its shares up 6.2 per cent in extended trading. The decision comes close on the heels of U.S. President Donald Trump signing an executive order earlier this month to establish a strategic reserve of cryptocurrencies by using tokens already owned by the government. GameStop said it will use a portion of its cash or future debt or equity issuances to be invested in bitcoin,
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