Browsing: GameStop

GameStop plans to sell convertible bonds to purchase Bitcoin, following a strategy embraced by cryptocurrency advocate Michael Saylor.

U.S. videogame retailer GameStop will integrate Bitcoin into its treasury reserves, joining the growing list of companies using cryptocurrency to diversify holdings.

GameStop’s foray into cryptocurrencies has caught investor attention, boosting the company’s stock price.

GameStop announced on Tuesday that its board has approved the addition of bitcoin as a treasury reserve asset, echoing the strategy of MicroStrategy.