Shares of GameStop Corp. advanced by over 13% during premarket trading on Wednesday after the company revealed that its board "unanimously approved" the plan to add Bitcoin to its strategic financial holdings.
Additionally, the video games and entertainment products retailer reported its fourth-quarter earnings the day before, revealing that its net income stood at $131.3 million while its diluted earnings per share landed at $0.29, rising from $0.21 reported in the same timeframe a year prior and beating analysts' expectations.
GameStop's stock surged 13.46% at 8:25 am ET, selling for $28.82 apiece.
