GameStop Corp. (GME) reported its fourth-quarter earnings for fiscal year 2024, revealing an adjusted earnings per share (EPS) of $0.30, surpassing analyst expectations of $0.08. The company reported a net income of $131.3 million and total sales of $1.28 billion, which fell short of the consensus estimate of $1.48 billion and reflected a 28.48% decline year-over-year. GameStop's cash, cash equivalents, and marketable securities stood at $4.78 billion at the end of the quarter. Following the earnings report, GameStop shares surged by 15%, marking the largest increase since December 5, 2024. The company also announced plans to invest part of its corporate cash in Bitcoin, aligning with a trend seen among other firms like MicroStrategy.