GameStop ❤️ Bitcoin?! 🤯 What Happened?
Shares of GameStop took a dive, dropping almost 11% after the company dropped a bombshell: they bought a massive stash of Bitcoin! 😲 The company now holds 4,710 BTC, worth a whopping $513 million. This move follows months of speculation that GameStop was diving into the crypto world, planning a BTC treasury strategy. Even Trump's media company, TMTG, saw its stock plummet after announcing a big capital raise to grab some Bitcoin.
GameStop CEO Ryan Cohen believes Bitcoin is a hedge against fiat currency devaluation, even saying it has advantages over gold! He highlighted Bitcoin's portability, verifiability, and scarcity as key factors. He also noted that Bitcoin's potential upside is huge compared to gold's more mature market. Are you keeping an eye on this trend? Stay tuned for the latest updates!