GameStop CEO: Buying BTC to Hedge Against Inflation, Will Not Imitate Strategy

In an interview with CNBC, GameStop CEO Ryan Cohen stated that the company will not follow the Strategy 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 the previous purchase of 4,710 $BTC was simply to view Bitcoin as a tool to hedge against inflation and global money printing. [Foresight News]