Gamestop (GME) has added its name to the list of companies that are traded in the stock market that adopt a Bitcoin Treasury strategy.
Together with its fourth -quarter profit report, the company said its Board unanimously approved Bitcoin as a treasure reserve asset.
The CEO Ryan Cohen, at the beginning of February, moved when he published a photo of himself and the executive president of Strategy (Mstr) Michael Saylor in Mar-A-Lago of Donald Trump.
Several days later, the CEO of Stive Asset Management, Matt Cole, sent a letter to Cohen urging GME to use at least part of his almost $ 5 billion of cash to buy Bitcoin. Co -founded by Vivek Ramasswamy, Stive owns GME through his ETF.
“We believe that Gamestop has an incredible opportunity to transform its financial future by becoming the main Bitcoin Treasury company in the games sector,” Cole wrote.
Cohen lifted his eyebrows when he tweeted: “Letter received.”
GME’s shares have increased 5.7% in negotiation after hours. Bitcoin has won the news modestly, now quoting $ 88,500, ahead of 0.2% 24 hours ago.
