In the development, which again aroused speculation in the Bitcoin community, the general director of Gamestop Ryan Cohen for the first time in almost four years followed the second account on X. Until now, Cohen has followed only the official Gamestop handle, but today, added Bitcoin magazine to your list of observers. This appears on the heel of a very discussed photo, which appeared two weeks ago, showing Cohen with Michael Saylor, the president of the strategy (formerly Microstrategy).

👀

Go to the king 👑 https://t.co/aptv3wwtaj

– David Bailey🇵🇷 0.85 mm/btc is a floor (@Davidfbailey) February 20, 2025

Will Gamestop buy Bitcoin?

Gamestop was periodically found in the center of the Bitcoin hypothesis, especially since the phenomenon of the “meme” of the Pandemic Age. At that time, the theory published on the Wall Street Bets-Popular Reddit Forum stated that the game retailer, seen by many as a retail relic, was prepared for a change. Universal retail purchases directed the price of shares up, requiring the main hedging funds that returned the shares. The resulting clash was widely compared to the script “David vs. Goliath”.

The bitcoin connection appeared as a mania based on pandemic cut with discourse on decentralized finances. Some observers drew similarities between bottom -up support for Gamestop and the way Bitcoin was accepted as protection against system corruption in classic finances. Since then, theories have spread that Gamestop can adopt the Bitcoins corporate strategy, potentially reflecting the aggressive movement of Microstrategy to BTC.

Two weeks ago, Cohen published a photo on X, in which he appeared alongside Michael Saylor Reported Bitcoinist. Considering the reputation of Saylor’s Noisy Advocate of BTC Treasury corporate strategies-he shall the acquisition of almost 500,000 BTC in the Bitcoin strategy in the sphere speculated that Cohen may look for Saylor’s adviser.

However, caution soon occurred. According to two unnamed sources cited by CNBC, Saylor has no direct involvement in any potential Gamestop plan to buy Bitcoin. Rumors simply remain: speculation that has not yet been confirmed by Cohen or Gamestop.

Rumors fuel the fact that Gamestop reported that he has about USD 4.616 billion in cash, cash equivalents and market securities as at October 31, 2024. The right to invest […] in cryptocurrencies without requiring the approval of the shareholder or management. “

“If Gamestop $ GME would invest his cash reserves worth $ 4.6 billion in BTC, he would acquire about $ 48,000,” wrote the analyst Han Akamatsu on X, noticing that this position would make Gamestop the second largest corporate owner of Bitcoin, exceeding the application, exceeding the application, exceeding the application, exceeding the application, exceeding the appliance But still behind the strategy.

However, such forecasts are strongly speculative. Gamestop in the past dealt with NFT and Blockchain projects, but there are no official tips that the company is not purchasing Bitcoin.

During the BTC press it traded for USD 97,708.

A distinguished painting created from Dall.e, chart from tradingview.com