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Cryptocurrency enthusiasts are thrilled about the recent transformation of mere speculation into reality. As of the writing of this article, the price of BTC has surpassed $88,460, fueled by GameStop’s anticipated announcement. GameStop’s support carries significant symbolic weight in the financial sector and may lay the groundwork for a new narrative in cryptocurrency.
GameStop and Bitcoin
As of February 1, 2025, the company boasts $4.77 billion in cash and cash equivalents. This cash could potentially flow into Bitcoin 
$86,852, representing hot money. Following the announcement, the BTC price rose above $88,500, after initially dipping below $88,200. GameStop revealed that its board unanimously approved an update to its investment policy to add Bitcoin as a treasury reserve asset.
“The company’s investment policy allows for investment in certain crypto assets, including Bitcoin and fixed-income securities in US dollars. Should the company acquire Bitcoin or stablecoins in US dollars, certain associated risks will arise…” – (GameStop’s press release on March 25, 2025, regarding “Fourth Quarter and Fiscal Year 2024 Results.”)
GameStop’s strategic pivot towards cryptocurrency reflects growing acceptance in mainstream finance. This move not only impacts GameStop but may also reverberate throughout the cryptocurrency market. Stakeholders will closely monitor how this decision influences future market dynamics.
