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Investors Push GameStop CEO To Consider $5 Billion Bitcoin Reserve Strategy

  • GameStop CEO Ryan Cohen confirmed the receipt of a proposal from Strive Asset Management to adopt Bitcoin as a reserve asset.
  • Strive Asset Management suggests that GameStop could leverage its $5 billion cash reserves to acquire Bitcoin and redefine its market position.
  • GameStop has previously made moves into the cryptocurrency and blockchain space, including launching a self-custodial crypto wallet and an NFT marketplace.
  • Investing $5 billion in Bitcoin could position GameStop as a strong player in the financial landscape, but Bitcoin has recently seen a notable drop in price.

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