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GameStop CEO Ryan Cohen Announced Acquisition of Over $505 Million Bitcoin

  • GameStop CEO Ryan Cohen announced the acquisition of over $505 million in Bitcoin during the 2025 Bitcoin Conference in Las Vegas.
  • Ryan Cohen mentioned that Bitcoin can serve as a hedge against global currency devaluation, explaining the company's decision to invest in the cryptocurrency.
  • GameStop currently owns 4710 Bitcoin, with Cohen emphasizing the unique advantages of Bitcoin over gold, such as ease of securing and fixed supply.
  • Cohen highlighted that GameStop's move to add Bitcoin to its balance sheets aligns with the company's strategic vision, emphasizing independence in decision-making.

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