GameStop Adds Bitcoin as 'Treasury Reserve Asset'

Meme stock GameStop updated its Investment Policy on Tuesday to add "certain crypto-currencies, including Bitcoin" as "permissible investment instruments."

The company made the announcement in its 2024 annual report, which it filed with the Securities and Exchange Commission after the closing bell.

GameStop also followed up the filing with a message on X, formerly known as Twitter, saying that it is now permitted to use Bitcoin "as a Treasury Reserve Asset."

The video game retailer, which trades on the New York Stock Exchange under the GME ticker, ended the day at $25.40 after having lost 0.82%. But GME has already gained 6.3% in after-hours trading.

Editor's note: This is breaking news and will be updated.