GameStop considers using $5 billion to buy Bitcoin. CEO believes it will transform the company financially.
Requests to add Bitcoin (BTC) to GameStop’s balance sheet have peaked, with an investor urging the CEO to use their $5 billion cash reserves to purchase Bitcoin. The CEO of Strive Asset Management, Matt Cole, believes adding Bitcoin to GameStop’s balance sheet will transform the company from ‘meme stock’ to ‘market leader’. Despite GameStop’s previous consideration of adding digital currencies to its balance sheet, Cole specifically emphasizes focusing on Bitcoin.
