Matt Cole, the CEO of Strive Asset Management co-founded by Vivek Ramaswamy, has recommended that GameStop consider adopting bitcoin as a reserve asset. In a letter sent to GameStop’s CEO, Ryan Cohen, Cole argued that with GameStop’s $5 billion cash reserve, the company has a unique chance to become a leader in the gaming sector ...
GameStop CEO Ryan Cohen recently shared a photo with MicroStrategy’s Michael Saylor, sparking speculation that GameStop plans to invest in Bitcoin. Following this news, GME shares surged over 20% before settling back down. This potential shift into cryptocurrency could reflect a major strategy change for GameStop, aimed at boosting profitability in a challenging Market. If ...
GameStop’s stock surged by approximately 10% in after-hours trading following reports that the company is considering investing in cryptocurrencies, including bitcoin. This speculation was fueled by a social media post from CEO Ryan Cohen, who was seen with Michael Saylor, known for heavily investing in bitcoin. Though GameStop is exploring this investment avenue, there is ...
GameStop’s stock surged 8.1% today after CEO Ryan Cohen posted a photo with Michael Saylor, the co-founder of MicroStrategy, leading to speculation about GameStop’s potential entry into the cryptocurrency Market. This excitement helped boost shares, which closed at $27.15, a 9.8% increase from the previous day. The company has seen significant volatility, with many sharp ...
