Coinbase Expands Investment Portfolio to Include Bitcoin as a Treasury Reserve Asset

Tuesday 25th of March 2025 20:06:00

GameStop Announces Update to its Investment Policy to Add Bitcoin as a Treasury Reserve Asset

GRAPEVINE, Texas, March 25, 2023 -- GameStop Corp. (NYSE: GME), today announced that it will be updating its investment policy to include Bitcoin (BTC) as a treasury reserve asset. This move is designed to further diversify the company's treasury portfolio and potentially generate returns that are not correlated with traditional assets.

The addition of Bitcoin to GameStop's treasury portfolio is a strategic decision aimed at taking advantage of the growing adoption and increasing institutional interest in digital assets. The company believes that this move will not only provide a hedge against inflation and market volatility but also offer a new opportunity for returns that are not tied to traditional asset classes.

"We are constantly evaluating opportunities to optimize our treasury portfolio and create value for our shareholders," said Matt Camp, Chief Financial Officer at GameStop. "The addition of Bitcoin to our treasury portfolio is a natural extension of our strategy to diversify and generate returns that are not correlated with traditional assets. We believe that this move will not only provide a hedge against market volatility but also offer a new opportunity for returns that are not tied to traditional asset classes."

GameStop's decision to add Bitcoin to its treasury portfolio is the latest in a series of moves by the company to adapt to changing market conditions and capitalize on emerging trends. The addition of Bitcoin to the company's treasury portfolio is expected to be a non-material item to the company's financial statements and will not have a material impact on the company's financial results.

About GameStop

GameStop Corp., a Fortune 500 company, is a global retailer of video game products and services. The company is also a leading provider of digital media and wireless services. GameStop operates a network of retail stores across the United States, Canada, Europe, and Australia, and also distributes and sells video game products through its e-commerce platform.

Contact: Matt Camp Chief Financial Officer GameStop Corp. (817) 272-5413 mcamp@gamestop.com