GameStop’s Bitcoin Holdings Boost Stock Price: New Treasury Strategy

GameStop’s Q2 financial report revealed a significant shift in its strategy, holding 4,710 Bitcoin worth $528.6 million. This move narrows the company’s net loss to $18.5 million and leads to a stock surge of 7% after-hours trading. GameStop, driven by its executive team, has integrated Bitcoin into its treasury strategy, solidifying their position as one of the top public Bitcoin holders. The strategic investment has generated positive market reaction, driving interest in corporate crypto adoption.