GameStop & Bitcoin Reserve: Quick Take
Rumors swirl that GameStop may follow MicroStrategy in holding Bitcoin as a treasury asset, but no official plans exist. Speculation stems from:
- Retail investor demands (Reddit/Twitter).
- Its NFT marketplace and blockchain pivot.
- Bitcoin’s 2024 price rebound (~$60K).
Impact if True:
- Short-term stock volatility (meme + crypto hype).
- Liquidity risks (limited cash vs. MicroStrategy’s debt-funded buys).
- Regulatory scrutiny.
Reality Check:
GameStop’s focus remains on digital gaming/NFTs (Ethereum-based). Bitcoin adoption would align with its meme stock identity but lacks confirmation. High risk, high reward—yet pure speculation for now.
