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.