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Gamestop said he predicted that he would close the “significant number of” additional stores of this fiscal year and revised his investment policy, he pressed the way to invest the Videoigara seller in Bitcoin.
The company posted an audit of its investment policy on Tuesday Turn Bitcoin “Like the assets of the treasury reserves.”
Gamestop said “Part of our money or future debt and capital issuance can be invest in Bitcoin,” now that his investment policy has been changed, it is stated in the submission of a value of the Securities Commission (SEC).
Gamestop said in regulatory submission on Tuesday that he predicts that he would close the “significant number of” stores this year. (Shelby Knowles / Bloomberg via Getty Images / Getty Images)
“We have not set up a maximum quantity Bitcoin We can accumulate and we can sell any bitcoin we can get, “Gamestop said.
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The update of his investment policy was the unanimous decision of the Committee, which included executive director Ryan Cohen and five others.
Gamestop announced the audit of his investment policy to include Bitcoin “as a treasure trove of spare assets.” (Chesnot / Getty Images / Getty Images)
“Total investment policy goals are to provide sufficient liquidity to fulfill the daily financial obligations of the company and optimize the refund of investment in investment policy guidelines,” Gamestop said.
Gamestop shares climbed the news.
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During the last quarter of its fiscal year, Gamestop made $ 1.28 billion net sales, which marked a 28.5% decline compared to the year. But the net income, however, increased to $ 131.1 million.
| Dice | Security | Last | Change | Change % |
|---|---|---|---|---|
| GME | Gamestop Corp. | 28.39 | +2.96 |
+11.62% |
For a fiscal year, the merchant said he recorded $ 3.82 billion net sales and $ 131.3 million net revenue.
The price of Bitcoin, meanwhile, was hovering just over $ 87,000 from Wednesday morning.
Gamestop store in New York, March 4, 2024. (Shelby Knowles / Bloomberg via Getty Images / Getty Images)
Update of investment policy comes after reports Last month, he suggested that Gamestop was thinking about the entrance to the Crypto currency.
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The company works to increase the profitability of its Retail work. At the end of the fourth quarter, there were about 3,200 stores, almost 970 less than a year ago.
Gamestop announced on Tuesday at the regulatory submission of the request that he predicts that he will close the “significant number of” stores this year. He has not yet determined which stores will be closed in particular.
His shops are selling video game consoles, software, collecting and other products.
