GME - GAMESTOP SHARES JUMP ON BTC ADDITION, RESULTS 🔸 GameStop shares rose 14% premarket Wednesday. 🔸 Company will add Bitcoin to treasury reserves, approved by board. 🔸 No limit set for Bitcoin purchases using cash, debt, or equity. 🔸 Q4 net income doubled to 131.3 million from 63.1 million. 🔸 Revenue fell to 1.28 billion from 1.79 billion. 🔸 SG&A expenses dropped to 282.5 million from 359.2 million. 🔸 Closed 590 U.S. stores in 2024; more closures planned for 2025. 🔸 Exited Italy, closed stores in Germany. 🔸 Ended quarter with 4.78 billion in cash and securities. 🔸 Full-year sales declined to 3.82 billion from 5.27 billion. 🔸 Annual net income jumped to 131.3 million from 6.7 million in 2023.