GameStop Corporation (NYSE:GME) is reportedly considering adding Bitcoin (CRYPTO: BTC) and other cryptocurrencies to its balance sheet, a move that would follow several other public companies into the sector.
What Happened: Speculation that GameStop has considered buying Bitcoin and other cryptocurrencies has risen in recent years. The company changed its rules on its cash balance to give CEO Ryan Cohen control over trading the company’s cash balance into stocks and cryptocurrencies.
While Cohen has not made a move yet, the company’s cash balance has grown. Cohen recently transferred his stake in the company from an LLC to his personal name, …
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