Bitcoin as Treasury Asset: Strive’s CEO Urges Gamestop to Diversify Cash Holdings

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In summary STRIVE Asset Management has proposed that GameStop converts $5,000 million to Bitcoin cash reserves, seeking to position it as the main company with BTC Treasury in the video game industry. The company has argued that Bitcoin is a better reserve of value than cash and cites changes to the market. [...] L的 article The CEO of GameStop responds to the proposal to convert $5,000 million dollars into cash into bitcoin appeared first on The…

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Strive Asset Management CEO Matt Cole has called on gaming retailer GameStop to invest $5 billion in Bitcoin and "not spread itself thin" on other crypto assets.

Bitcoinsensus

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Strive CEO Advices GameStop CEO to Deploy Its $4.6B Cash Reserve Into Bitcoin - Bitcoinsensus

Strive CEO advises GameStop CEO to deploy Its $4.6B cash reserve into Bitcoin Ryan Cohen has confirmed that he has received a letter from Matt Cole with details of the proposal GameStop CEO Ryan Cohen has confirmed that he has received a letter from Strive CEO Matt Cole. It proposes to deploy GameStop’s $4.6B cash reserve into Bitcoin to strengthen and expand the company’s recovered capital. Is GameStop’s Bitcoin Purchase Really Coming? It’s wor…

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Investors Push GameStop CEO To Consider $5 Billion Bitcoin Reserve Strategy

GameStop CEO Ryan Cohen confirmed via social media platform X that he has received a proposal from Strive Asset Management advocating for the company to adopt Bitcoin (BTC) as a reserve asset.  The letter, dated February 24, outlines a compelling case for GameStop to leverage its substantial cash reserves—nearly $5 billion—to redefine its position in... The post Investors Push GameStop CEO To Consider $5 Billion Bitcoin Reserve Strategy appeared…

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GameStop CEO Acknowledges Proposal To Convert Its $5 Billion Cash Into Bitcoin

GameStop has responded to a letter from Strive Asset Management urging the gaming retailer to add Bitcoin to its balance sheet. GameStop CEO Ryan Cohen confirmed in a Tuesday post on X that he had received a letter from Strive CEO Matt Cole, recommending that the gaming retailer and meme stock sensation from the pandemic era use roughly $5 billion of its cash reserves to buy Bitcoin and use market offerings to finance more BTC purchases. “We bel…

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Strive Asset Management CEO Urges GameStop to Invest in Bitcoin to Grow From Meme Stock to Market Leader

Strive Asset Management CEO Matt Cole is urging GameStop to use its cash reserves to invest in Bitcoin. According to Cole, GameStop has the opportunity to “transform its financial future” by becoming a Bitcoin treasury company.  An excerpt from Cole’s letter to GameStop CEO Ryan Cohen reads: “With nearly $5 billion in cash on its balance sheet, the firm is uniquely positioned to shift its reserves from a shrinking asset to a growth engine, prop…