Companies

GameStop to Close Hundreds of Stores, Pursue Bitcoin Investment Strategy

GameStop plans to shutter a significant number of its stores and invest in bitcoin as a treasury reserve asset, the company disclosed in its latest SEC filings.
GameStop to Close Hundreds of Stores, Pursue Bitcoin Investment Strategy
A GameStop store in New York City, on Jan. 28, 2021. Spencer Platt/Getty Images
Chase Smith
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GameStop Corp. will close a “significant number” of its stores and begin investing in bitcoin, the company announced in its annual report filed with the Securities and Exchange Commission (SEC) on March 25.

“As part of our efforts to optimize the core business, we plan to close a significant number of underperforming stores,” the company stated in its Form 10-K filing for the fiscal year ended Feb. 1.
Chase Smith
Chase Smith
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Chase is an award-winning journalist. He covers national politics for The Epoch Times. For news tips, send Chase an email at [email protected] or connect with him on X.
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