GameStop to invest in bitcoin
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Gamestop has announced that he expects the “significant number” of additional stores in this fiscal year and reconsider its investment policy for retail video games.
The company announced the review of its investment policy on Tuesday include Bitcoin “As a treasury reserve active.”
Gamestop said “Part of our cash and future debt and justice can be introduced in Bitcoin”, when his investment policy has changed, according to the Securities and SECECHARY SERVICE (SEC).
The gamestop in the regulatory performance on Tuesday plans to close the “significant number of” stores this year. (Shelby Nouges / Bloomberg Via Getty Images / Getty Images)
“We have not set the most money Berchauuk We can accumulate and can sell any Bitcoin, which we can get, “said Gamestop.
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The update of investment policy was a unanimous decision by its council, which includes CEO Ryan Cohen and five.
Gamestop announced the revision of its investment policy to include Bitcoin as a “astronautical reserve active”. (Chesnot / Getty Images / Getty Images)
“The overall goals of investment policy must ensure sufficient liquidity to meet the company’s daily financial obligations and optimize the representative policy of investment policy,” Gamestop said.
Gamest shares rose to the news.
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Gamestop caused $ 1.28 billion to sell $ 1.28 billion in the last quarter of its fiscal year, noting 28.5% decline year by year. However, its net income increased to $ 131.1 million.
| Grieving | Safety | Last | Change | Change% |
|---|---|---|---|---|
| Jewel | Gamestop Corp. | 28.39 | +2.94 |
+ 11.58% |
Retail sale for fiscal year has said that it has seen $ 3.82 billion in net sales and net income.
Wednesday morning Bitcoin price, which occurred above $ 87,000 in Wednesday morning.
Gamest Store in New York on March 4, 2024. (Shelby Nouges / Bloomberg Via Getty Images / Getty Images)
Investment policy update comes after Reports: The Gamestop suggested last month pushed the entrance to Cryptocurrency.
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The company works to promote its profitability Retail businessThere were about 3,200 stores at the end of the fourth quarter from almost 970 than it did a year ago.
The Gamestop announced in the Regulatory Performance on Tuesday expects the “significant number of” stores this year. He has not yet decided which stores will collapse in particular.
Its stores are selling video game panels, software, collections and other products.
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