GameStop CEO: Buying Bitcoin is to hedge against inflation, and will not imitate Strategy's model

On July 15, according to CNBC, GameStop CEO Ryan Cohen said in an interview that the company will not follow Strategy's model, but has its own unique strategy. GameStop currently has a very strong balance sheet with more than $9 billion in cash and securities. The purpose of purchasing 4,710 $BTC before was only to regard Bitcoin as a tool to hedge against inflation and global money printing. [PANews]