GameStop CEO: Buying BTC to Hedge Against Inflation, Will Not Imitate Strategy
Foresight News reports that GameStop CEO Ryan Cohen stated in an interview with CNBC’s financial program that the company will not follow the Strategy model but instead has its own unique strategy. Currently, GameStop has a very strong balance sheet, with over $9 billion in cash and marketable securities. The previous purchase of 4,710 BTC was simply to view Bitcoin as a tool for hedging against inflation and global money printing.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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