GameStop to Follow Strategy’s Bitcoin Playbook: Will GME Stock Skyrocket or Crash?

Vladimir Popescu
Gamestop shop with clients
Source: Polygon

GameStop‘s Bitcoin strategy has shocked many investors right now as the gaming retailer announces plans to follow Strategy’s Bitcoin reserves approach. The move has sparked immediate and heated debates about GME price forecast amid the growing crypto market volatility, with analysts currently divided on whether this Bitcoin strategy will ultimately boost or perhaps even sink GameStop stock in the coming months.

Gamestop SEC application
Source: sec.gov

On March 25, 2025, GameStop’s board unanimously approved adding Bitcoin as a treasury reserve asset, potentially utilizing portions of its $4.6 billion cash reserves for such investments.

Also Read: Bitcoin Reserves a ‘Time Bomb’—Russian Economist Warns of 50% Crash

How GameStop’s Bitcoin Reserves Could Shape GME Price Prediction

The gaming retailer’s Bitcoin strategy seems to mirror the approach pioneered by Strategy (formerly MicroStrategy), whose stock has actually surged over 2000% since implementing its Bitcoin reserves policy. At the time of writing, GameStop’s Bitcoin reserves initiative comes after calls from several figures including, for example, Strive Asset Management CEO Matt Cole, who urged CEO Ryan Cohen to utilize excess cash for Bitcoin acquisition.

Michael Saylor, Strategy’s executive chairman, stated:

“A step in the right direction.”

Market reactions to GameStop Bitcoin strategy

The GameStop Bitcoin strategy has, in fact, generated quite mixed reactions from various market analysts. While some view the Bitcoin reserves as a potential catalyst for GME price forecast improvement, others definitely see warning signs in this approach.

Crypto analyst Checkmatey noted:

“I made a claim that zombie companies like Gamestop ‘pulling a Saylor’ as a get out of jail card would be a clear topping signal.”

Also Read: French Investor’s 580 BTC Purchase Yields Unprecedented 709.8% Return

Historical Patterns Suggest Upside Potential

The track record for companies adopting Bitcoin reserves shows, well, remarkable stock performance in recent history. According to Bitcoin Treasuries data, around 88 public companies currently hold about 665,030 BTC, making them the second-largest category of Bitcoin holders after ETFs and such investment vehicles.

SEC filing excerpt detailing GameStop's Bitcoin investment policy
SEC filing excerpt detailing GameStop’s Bitcoin investment policy – Source: sec.gov

GameStop’s SEC filing indicates the company’s Bitcoin strategy includes provisions for acquiring Bitcoin through both cash reserves and also potential debt or equity issuances, similar to Strategy’s approach. The crypto market volatility hasn’t really deterred companies like Strategy and also Metaplanet, whose stocks have dramatically outperformed after implementing Bitcoin reserves.

Initial Market Response

GameStop stock has already responded positively to the Bitcoin strategy announcement, with shares rising approximately 18.77% immediately after the news broke. This initial GME price forecast adjustment mirrors the reactions seen with other companies adopting similar Bitcoin reserves approaches in the past year or so.

GameStop stock price chart showing 18.77% gain
Source: Google Finance

Also Read: Pepe (PEPE) & DogWifHat (WIF) Price Prediction For April 2025

Will GameStop’s Bitcoin strategy successfully translate to sustained shareholder value amid crypto market volatility? Only time will tell if the gaming retailer can actually replicate the success of companies like Strategy and Metaplanet, or if analyst concerns about using Bitcoin plan as a last resort prove accurate in the end.