GameStop CEO Ryan Cohen confirmed on social media site X that he received a letter from Strive Asset Management urging the company to adopt bitcoin (BTC-USD) as a reserve asset.
Cole sent the letter to Cohen on February 24, pitching the case that GameStop has a unique opportunity to redefine itself as a market leader due to its nearly $5 billion cash reserve. The stable balance sheet at GameStop is seen positioning it for more dynamic moves.
Investors may remember that GameStop has a mixed history with cryptocurrency and blockchain initiatives in general. The company launched a self-custodial cryptocurrency wallet in 2022 that allowed customers to manage digital assets, including cryptocurrencies and non-fungible tokens. The move was part of GameStop's broader strategy to expand into the digital asset space.
The Texas-based retailer also unveiled an NFT marketplace later in 2022 that was built on the Ethereum-based Loopring Layer 2 network. The company also partnered with Immutable X, an Ethereum-based Layer 2 scaling solution, to integrate its global order book into the GameStop NFT marketplace.
Shares of GameStop are down 22% on a year-to-date basis.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。