March 25 (Reuters) - GameStop GME.N said on Tuesday that its board has uanimously approved the addition of bitcoin as a treasury reserve asset.
It also posted a rise in fourth-quarter profit, helped by the videogame retailer's efforts to reduce costs and a faster turnaround in its mainstay of retailing videogame hardware and merchandise.
GameStop posted fourth-quarter net income of $131.3 million, compared to a net income of $63.1 million last year.
(Reporting by Rishi Kant in Bengaluru; Editing by Alan Barona)
((Rishi.Kant@thomsonreuters.com))
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