Gamestop CEO Ryan Cohen Cancels Follow on Bitcoin Accounts Sparks Attention
According to ChainCatcher, Gamestop CEO Ryan Cohen suddenly unfollowed all Bitcoin-related accounts, drawing attention on social media. Gamestop holds approximately $550 million in 4,710 Bitcoins, which is only one-third of the planned purchase amount. Cohen's investment attitude has been criticized as 'worthless' and 'non-Bitcoin supporter'. Cohen has been dubbed 'Rugpull Ryan' due to his stock price dropping 80% from its all-time high. Despite Gamestop raising $1.48 billion in April for Bitcoin purchases and company operations, only one-third of the funds were used to buy Bitcoin.