In a move that sparked continuous speculation within the Bitcoin community, Gamestop CEO Ryan Cohen met with the former CEO of Microstrategy on Saturday. Cohen then shared a photo of X photographed alongside Silor – without providing any additional context.
The post again raised rumors that Gamestop could consider Bitcoin Treasury strategy similar to the strategy that was pioneering under the leadership of Silor. It is worth noting that this is not a new rumor, but there has been no concrete evidence yet that Gamestop has taken any official steps towards the company that focuses on BTC.
Will Gamestop Bitcoin adopt?
However, the scene of two executives together has succeeded in stimulating the rumors mill. One prominent voice, heisenberg (mr_derivives), Stuck On the image of X Cohen “it can be a hidden hint” for the upcoming BTC adoption, allowing retail stores to switch to “BTC holding company very similar to Mstr.” It also suggested that under this scenario, the arrow “5-10X is easily at the end of this contract”, or sooner.
One of the main elements that lead the gossip is the general Gamestop budget power. Tim Kutzman, the Bodcast Host of the Bitcoin Ministry, confirmed that as of October 31, 2024, the retail dealer has reported about $ 4,616 billion in cash, cash rewards, and marketable securities.
He highlighted a recent change in the investment policy in the company that gives Cohen “Investment Authority […] In cryptocurrencies without the need for shareholders or council approval. “According to Kotzman, this shift in the bitcoin treasury company opens, yet it was quickly indicating that” as of December 2024, there were no general disclosures indicating that such investments had been made. “
“If Gamestop $ GME, he will invest its cash reserves of $ 4.6 billion in BTC, he will get approximately 48000 BTC. This would make Gamestop the second largest company in bitcoin, arrangement behind Microstrategy and bypass MARA holders,” Han Akamatsu male Via X.
Britishhodl (BRISHHODL), Bitcoin lovers, to publish Gamestop “Gamestop can be a straw that back the beauty on the Wall Street for companies that adopt the Bitcoin reserve strategy for MSTR to create value for shareholders.”
Meanwhile, Crypto Coaterator @Protestfiat has taken a more aggressive position, suggestion That “Gamestop […] Bitcoin’s adoption “creates a scenario that sellers find out the open themselves are scramble Additional marches and short pressure.
Although this argument is affected by the memories of the “Meme Stock” phenomenon for 2021, during which the Gamestop share price witnessed huge periods and caused heavy losses to some sellers on the open.
While the suspension of merchants and podcast hosts emphasizes the conspiracies about the potential Bitcoin axis, it is necessary to note the gap between rumors and reality. Historically, Cohen has been tightly regarding any company’s encryption moves, even with Gamestop with NFTS and Blockchain projects in the past. Currently, there is no verified evidence indicating an imminent bought for BTC or other cryptocurrencies.
At the time of the press, BTC was traded at $ 97,083.
Distinctive image created with Dall.e, Chart from TradingView.com
