Will GameStop Buy Bitcoin with Its $5 Billion Cash? CEO Responded! (BTC)

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Bitcoin investment in institutional companies has been increasing significantly lately, most recently

GameStop is rumored to be considering buying Bitcoin.

In the early days, DOGE's Ministry made a Bitcoin buying call to GameStop with Elon Musk and Vivek Ramaswamy, co-founder of Strive Asset Management investment company.

According to Strive CEO Matt Cole, he sent a letter to GameStop's Chairman of the Board and CEO Ryan Cohen suggesting the conversion of the company's approximately 5 billion dollar cash reserve into Bitcoin.

Strive's CEO claimed that with this move, the company will become the most important Bitcoin reserve in the gaming sector, surpassing GamStop.

"We believe GameStop has an incredible opportunity to transform its financial future as a leading bitcoin treasury company in the gaming industry."

The Bitcoin offer sent by Strive CEO was accepted with a brief comment by GameStop CEO Ryan Cohen. Cohen said 'Letter received' in his post from account X, but did not provide any further details.

Strive's CEO argued that cash is a negative real return. The CEO also noted that, due to inflation, Bitcoin is a superior alternative to holding cash and offers better returns.

The CEO also urged GameStop to refrain from investing in other cryptocurrencies, calling Bitcoin the only "true store of value" among digital assets.

Strive CEO's Bitcoin recommendation reflects the strategy already implemented by major companies such as MicroStrategy, Semler Scientific, and MARA Holdings. Most large capital companies that have bought Bitcoin in the market have not only seen an increase in stock prices but also opened up new ways for capital raises.

At the beginning of this month, it was reported that GameStop is researching BTC and digital asset investments due to declining sales and other challenges they have experienced.

In addition to these speculations, GameStop CEO Ryan Cohen shared a photo on social media with MicroStrategy CEO Michael Saylor, further fueling discussions about GameStop's potential BTC investment.

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GateUser-ecf3282bvip
· 02-27 06:49
very good
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友米vip
· 02-26 08:05
Half-covered while holding a pipa, a few plucks on the strings. Bought in both morning and evening.
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RongchengLouisvip
· 02-26 07:48
Quickly enter a position! 🚗
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