GameStop rose over 9% in overnight trading. The videogame retailer and original meme-stock company announced its eagerly anticipated foray into bitcoin.

In a short statement, GameStop $(GME)$ said its board had unanimously approved an update to its investment policy to add bitcoin (BTCUSD) as a treasury-reserve asset. The move did not come completely out of the blue, as bitcoin buzz has swirled around GameStop and its chief executive, Ryan Cohen, in recent weeks.

In a Form 10-K filing, GameStop said that with the addition of the new treasury-reserve asset, a portion of the company's cash or future debt and equity issuances may be invested in bitcoin. "We have not set a maximum amount of bitcoin we may accumulate, and may sell any bitcoin we may acquire," it added.

Last month, Cohen posted a picture of himself with Michael Saylor, the executive chair of software company and bitcoin play Strategy - formerly MicroStrategy Inc. (MSTR) - which has held bitcoin as its primary treasury-reserve asset since 2020.

Drone maker company SES AI rose over 4% in overnight trading after a 15% rally on Tuesday.

SurgePays Inc. surged 102.9% in overnight trading after reporting its financial results for the year 2024 and issuing revenue guidance of over $200 million for the next 12 months. The company has successfully completed its integration with AT&T and is now positioned for aggressive revenue growth. SurgePays also announced the nationwide launch of LinkUp Mobile and expects positive cash flow from operations before the end of 2025. This marks a significant milestone for the company as it enters its most aggressive growth phase.

SEALSQ fell 4% after filing for mixed shelf offering of up to $500 million.