GameStop Weighs $5 Million Bitcoin Investment Following Strategic Proposal
• 1 min read
GameStop CEO Ryan Cohen acknowledges proposal from Strive Asset Management to convert $5M of cash reserves into Bitcoin, potentially positioning the gaming retailer as a leading Bitcoin treasury company. The move follows recent accounting changes and comes amid evolving corporate cryptocurrency adoption.
GameStop Considers $5 Billion Bitcoin Investment Following Strive Proposal
• 1 min read
GameStop evaluates a bold proposal from Strive Asset Management to convert its $5 billion cash reserves into Bitcoin, potentially becoming the gaming sector's premier Bitcoin treasury company. The proposal comes as GameStop seeks to transform its business model while its shares surge 20% on cryptocurrency investment speculation.