Gamestop CEO Fuels Bitcoin Speculation: $4.6 Billion Buy Incoming?

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Gamestop CEO Fuels Bitcoin Speculation: $4.6 Billion Buy Incoming? - NewsBTC

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Tim Kotzman, host of "The Bitcoin Treasuries Podcast,” recently highlighted GameStop’s investment policy that grants Cohen "the authority to invest […] in cryptocurrencies without requiring shareholder or board approval.” "If GameStop $GME were to invest its $4.6 billion cash reserves into BTC, it would acquire approximately 48,000 BTC,” wrote analyst Han Akamatsu on X, noting that such a position would make GameStop the second-largest corporate holder of Bitcoin, surpassing MARA Holdings but still behind Strategy.

This comes on the heels of a much-discussed photograph that surfaced two weeks ago showing Cohen with Michael Saylor, Executive Chairman of Strategy (formerly MicroStrategy).👀 Go on king 👑 — David Bailey🇵🇷 $0.85mm/btc is the floor (@DavidFBailey) February 20, 2025 Will Gamestop Buy Bitcoin?

In a development that has reignited speculation within the Bitcoin community, GameStop CEO Ryan Cohen has, for the first time in nearly four years, followed a second account on X.