BUZZ-GameStop climbs on bitcoin bet

Reuters
03-26
BUZZ-GameStop climbs on bitcoin bet

** Video game retailer GameStop's GME.N shares rise ~14% to $28.96 premarket

** On Tuesday, GME said its board approved adding bitcoin as treasury reserve asset

** GME also reported Q4 net income of $131.3 mln, compared with $63.1 mln a year ago

** Posted Q4 sales of $1.28 bln, below analysts' est of $1.48 bln - LSEG

** GME closed 590 stores in 2024 and plans to close more stores in 2025

** Stock gained 68% in the last 12 months

(Reporting by Kamal Choudhury in Bengaluru)

((Kamal.Choudhury@thomsonreuters.com;))

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