GameStop News: GME Token Jumps Over 30% After Bitcoin Announcement

GameStop is making big moves in crypto by changing there policies. The company announced it will hold Bitcoin in there treasury reserves. Right after the news, the GME token’s price jumped 30%. Many investors follow Roaring Kitty, who helped make GME token popular. Now, the company is joining other big businesses using BTC. This is making the link between GameStop’s stock and crypto even stronger.

GameStop has changed there investment rules to include BTC in it's corporate treasury. This means the company can now keep Bitcoin Reserve as part of there financial assets. The board of directors all agreed on this decision, marking a big change in it's financial strategy.

It has officially joined the list of companies adopting Bitcoin. This decision was made public in it's fourth-quarter earnings report. The move has excited both stock and crypto investors.

Source: GameStop official website

GameStop Token Surges 30%

The decision to adopt Bitcoin also affected it's crypto memecoin. The GME token surged 30% after the announcement.

Source: CoinMarketCap

The bitcoin treasury reserves news was significant enough to boost the stock price. The memecoin price surged 33.31% and currently trades at $0.002506 with a market capitalization of $17.25 million. The trade volume increased by 102.02% and reached $9.38 million in the last 24 hours.

What’s Next for GameStop and It's Token?

The GME is still far from reaching a stable rally. After tokens recent peak, the price has slightly dropped. This suggests that investors are not yet fully confident. Many traders may take profits from the short-term surge.

For the rally to keep going, GME needs to share more updates on purchases. The crypto market reacts strongly to news and investor feelings. If the company makes big BTC investments, the coin could rise even more.

MicroStrategy’s BTC plan boosted there value by 13%. If they follow the same path, they could see even bigger gains. However,  long-term growth will depend on market trends and future investments.

Conclusion

There is a lot of excitement surrounding GameStop's decision to include BTC. Strong investor interest was demonstrated by the jump in both it's coin and stock. However, the business needs to remain active in the cryptocurrency space if it hopes to maintain this growth.

The GME coin is still erratic at the moment. Small price drops are being caused by some investors taking profits. They need to provide more information about BTC plans to maintain the momentum.

Both the coin and the stock are currently under close observation. How they manage their BTCcoin holdings and how the market responds will determine the future.