Gamestop revealed in March 25 That its investment policy now includes Bitcoin (BTC) as an asset of the Treasury Reserve after a unanimous decision of the Board.
The video game retailer announced a day later that the income of a sale of convertible senior notes of $ 1.3 billion will be allocated in part to its acquisition of Bitcoin. Income will also be allocated to other general corporate purposes.
Gamestop Presented a 10 k presentation to the SEC of the United States, declaring that you could invest effective or future debt and capital emissions in Bitcoin.
The presentation establishes that Gamestop has not decided a maximum amount of bitcoin to accumulate and that the company can sell any bitcoin obtained. It recognizes several risks, including, among others, prices volatility and loss of value, and recognizes that the unseeding strategy can be unsuccessful.
It elaborates that the company’s policy allows investments in “certain cryptocurrencies”, including the US dollar stablecoins, not only Bitcoin.
Comparisons with Microstrategy
Gamestop’s Bitcoin purchase strategy has been compared to Microstrategy, which has accumulated more than $ 40 billion in Bitcoin to date.
The president of Microstrategy, Michael Saylor, seemed to support Gamestop’s plans in X, qualifying his announcement as a “step in the right direction.”
Saylor asked the followers how much Bitcoin Gamestop would have to win to win the respect of Bitcoiner, and 47% requested a minimum reserve of $ 3 billion.
Some critics have questioned whether Gamestop’s plans are viable. In a statement to Yahoo! Finance, Wedbush Analyst Michael Pachter argued that An too aggressive investment policy could reduce the price of Gamestop shares.
Gamestop closing stores
The presentation of the Gamestop SEC also indicated that the company is reviewing the closure stores. The company closed 590 US stores in fiscal year 2024 and plans to close “a significant number of additional stores” in fiscal year 2025.
A recent CNN report indicated that the trend is long. He said the company has reduced its store count from 6,000 to 3,203 in the last decade.
Gamestop was news in January 2021 due to a brief presentation led by Reddit users and, later, coverage funds. The incident caused generalized financial consequences for those involved and led to massive controversy.
Gamestop’s shares (GME) reached a maximum of $ 81.25 in the middle of the brief squeeze of January 2021. Although its price has fallen significantly, GME remains above the prices prior to 2021. It is priced at $ 21.73 as of March 29, 2025, 15% less in the last five days.
