• Video game retailer GameStop's shares rise ~14% to $28.96 premarket

• On Tuesday, GME said its board approved adding bitcoin as treasury reserve asset

• GME also reported Q4 net income of $131.3 mln, compared with $63.1 mln a year ago

• Posted Q4 sales of $1.28 bln, below analysts' est of $1.48 bln - LSEG

• GME closed 590 stores in 2024 and plans to close more stores in 2025

• Stock gained 68% in the last 12 months

(Reporting by Kamal Choudhury in Bengaluru)