GameStop CEO: Holding Bitcoin to Hedge Against Inflation, May Consider Crypto Payments
Powered by ChatGPTOn July 16 (UTC+8), GameStop CEO Ryan Cohen stated on CNBC that the company will not simply imitate Strategy's continuous large-scale increase in Bitcoin holdings, but will instead adopt a "unique strategy." Currently, GameStop holds approximately 4,710 $BTC, worth approximately $512.00 million. Cohen stated that this is a hedge against inflation and global currency over-issuance, and emphasized that the future will be "opportunity-oriented," using funds only when risks are controlled and there is high return potential. In addition, Cohen revealed that GameStop is considering allowing users to use cryptocurrencies to purchase trading cards and will evaluate market demand. The company may accept multiple cryptocurrency payments in the future. (Source: Decrypt) [MetaEra]