💨 Abstract

GameStop, a videogame retailer, announced it will invest in Bitcoin as a treasury reserve asset, following an executive order by U.S. President Trump to establish a government cryptocurrency reserve. This decision caused a 6.2% increase in GameStop's shares. The company plans to use cash or future debt or equity issuances for the investment, but did not specify the maximum amount.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖