Summary
- GameStop announced that it is accumulating Bitcoin not just for investment purposes but as a tool to hedge against inflation.
- CEO Ryan Cohen emphasized that GameStop's Bitcoin acquisition strategy is different from that of Strategy.
- GameStop currently holds 4710BTC.
Bitcoin (BTC) holding company GameStop appears to be pursuing a reserve approach that differs from Strategy.
On the 15th (local time), Ryan Cohen, GameStop CEO, said in an interview with CNBC, "Our purpose for Bitcoin and our purchase strategy are not the same as Strategy," adding, "We intend to use it as a hedge against inflation, not simply for investment purposes." He further stated, "We have our own unique strategy."
Currently, GameStop holds 4710BTC.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit![[Today’s Key Economic & Crypto Calendar] Atlanta Fed GDPNow, More](https://media.bloomingbit.io/static/news/brief_en.webp?w=250)
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