According to BlockBeats, GameStop CEO Ryan Cohen announced a strategic shift in the company's focus due to rising costs. In an interview with Cointelegraph, Cohen stated that GameStop will reduce its reliance on hardware and instead concentrate on trading cards and collectibles. These items may be available for purchase using cryptocurrency in the future.
Cohen emphasized that GameStop will not follow the strategy of MicroStrategy, opting for a unique approach. He highlighted the company's strong financial position, with over $9 billion in cash and securities. Previously, GameStop acquired 4,710 BTC as a hedge against inflation and global currency printing.
