GameStop CEO: Buying BTC is to combat inflation, not to become the next MicroStrategy

On July 15th, GameStop CEO Ryan Cohen stated in an interview with CNBC that the company will not follow the Strategy (formerly MicroStrategy) model, but has its own unique strategy. Currently, GameStop has a very strong balance sheet with over $9 billion in cash and marketable securities. The purpose of previously purchasing 4,710 $BTC was simply to view Bitcoin as a tool to hedge against inflation and global money printing. [BlockBeats]