In the movement, which again aroused constant speculation in the Bitcoin community, Gamestop General Director Ryan Cohen met on Saturday with the Executive President Strategy (formerly MicroStrategy) Michael Saylor. Then Cohen released a photo on X depicting it with Saylor – without an additional context.
The post once again caused rumors that Gamestop may consider the Bitcoin treasury strategy, similar to how the strategy was a pioneer under Saylor’s leadership. In particular, this is not a recent rumor, but so far there was no specific evidence that Gamestop has taken official steps towards BTC corporate strategy.
Will Gamestop accept Bitcoin?
Despite this, the view of the two steering staff aroused the gossip mill. One noteworthy voice, heisenberg (@mr_derivatives), commented In the photo X Cohen “it can be a subtle clue” of the upcoming BTC adoption, enabling retailers to transform into a “BTC holding company like MST”. He also suggested that in such a scenario actions can “easily 5-10x until the end of this decade” or potentially earlier.
Gamestop balance strength is one of the key elements of talking. Tim Kotzman, the host of the Bitcoin Treasuries podcast, emphasized on X that as at October 31, 2024, the game seller reported around USD 4.616 billion in cash, cash equivalents and transferable securities.
He emphasized the last change in the company’s investment policy, which grants Cohen “the right to invest […] in cryptocurrencies without requiring the approval of the shareholder or management. “According to Kotman, this change of policy opens the door to the script” Bitcoin of the Treasury “, but he quickly noticed that” from December 2024 there were no public disclosures indicating that such investments were made. “
“If Gamestop $ GME would invest a cash reserve of $ 4.6 billion in BTC, he would buy around $ 48,000. This will make Gamestop the second largest Bitcoin corporate owner, ranking for microstrategy and surpassing Mara Holdings, “Han Akamatsu excellent Via X.
Britishhodl (@Britishhodl), Bitcoin enthusiast, Published This gamestop “Gamestop can be a straw that breaks down camels on Wall Street in companies receiving the Bitcoin reserve strategy MST in order to create the values of shareholders.”
Meanwhile, the commentator Crypto @protestfiat took a more aggressive attitude, suggestion that “Gamestop […] Adopting Bitcoins “can create a scenario in which brief sellers are looking for, taking into account the potential of a sudden enhance in stock price. In the post she outlined the sequence of steps: from the first treasury announcement to subsequent offers used to buy more bitcoins – each phase potentially drives additional rallies and brief compressions.
Although highly hypothetical, this argument resonates with memories of the phenomenon of “Meme Meme Stock” 2021, during which the price of Gamestop has experienced a dramatic choice and inflicting massive losses for some brief sellers.
While the commentary of traders and podcast hosts emphasizes the intrigue around the possible trade of Bitcoins, attention should be paid to the gap between the rumor and reality. Historically, Cohen was straightforward in relation to all movements related to the crypt for the company, even when Gamestop in the past dealt with the NFTS and blockchain projects. At the moment, no verifiable evidence suggests the direct purchase of BTC or other cryptocurrencies.
In the BTC press it traded at USD 97 083.
A distinguished painting created from Dall.e, chart from tradingview.com
