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In the development of the effects of speculation in the Bitcoin community, the CEO of Gamestop Ryan Cohen, for the first time in nearly four years, followed a second account on X. Bitcoin added to its follow -up list. This comes in the wake of a very discussed image that appeared two weeks ago, Cohen appears with Michael Sailor, former Microstrategy.
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Go to the king 👑 https://t.co/app3wwtaj
– David Bailey🇵🇷 $ 0.85mm/BTC is the floor (Davidfbaile) February 20, 2025
Will Gamestop Bitcoin buy?
Gamestop has found itself periodically in the center of guessing related to bitcoin, especially since the phenomenon of “Meme Stock”. At that time, a theory was published on Wall Street-a famous forum for Reddit-that the retailer of the games, which many view as retail residues of brick and mortar shells, were moved to turn. Pushing the purchase of retail widely paid the share price to the top, which represents the main hedge challenge that reduced the stocks. The resulting clash was widely likened to the “David versus Goliat” scenario.
Bitcoin’s connection appeared where the obsession’s obsession intersects with a letter about decentralized financing. Some observers have identified the popular support of Gamestop and the way Bitcoin embraced as a hedge against systematic corruption in traditional financing. Since then, theories have distributed that Gamestop can adopt a bitcoin strategy for companies, and may reflect aggressive Microstrate move to BTC.
Two weeks ago, Cohen posted a picture on X in which he appeared alongside Michael Sailor, I mentioned By Bitcoin. Looking at the reputation of Celor as a high-level defender of the BTC Treasury Strategies-it leads the acquisition of approximately 500,000 BTC in the strategy-Bitcoin’s clinic speculation that Cohen may search for Sephor’s lawyer.
However, be careful soon. According to two exporters whose name is cited CNBC, Saylor has no direct participation in any possible Gamestop plan to buy Bitcoin. Rumors are still: speculation that has not yet been confirmed by Cohen or Gamestop.
The fueling of these rumors is the fact that Gamestop reported about the existence of about $ 4.616 billion in cash, cash rewards, and marketable financial papers as of October 31, 2024. Tim Kutsman, a bitcoin podcast, has recently highlighted the Gamestop investment policy that gives Cohen Investment Authority […] In cryptocurrencies without the need for shareholders or council approval. “
“If Gamestop $ GME invests its cash reserves of $ 4.6 billion in BTC, you will get approximately 48000 BTC” property but is still behind the strategy.
However, such predictions are very speculative. Gamestop has been involved in NFTS and Blockchain projects in the past, but there is no official indication that the company is getting Bitcoin.
At the time of the press, BTC was traded at $ 97,708.
Distinctive image created with Dall.e, Chart from TradingView.com
