🚨 GameStop Buys 4,710 BTC (~$505M) — A Bold Treasury Play by CEO Ryan Cohen
📍 Announced at the 2025 Bitcoin Conference in Las Vegas, GameStop (GME) has acquired 4,710 Bitcoin, worth approximately $505–$513 million, marking one of the largest corporate BTC buys since MicroStrategy.
🧠 Why It Matters
GameStop CEO Ryan Cohen calls Bitcoin a “hedge against currency devaluation and systemic risk.” He emphasized BTC's advantages over gold:
✅ Fixed Supply (21M BTC cap)
🔐 Portability & Blockchain Security
💼 No storage/insurance overhead like gold
> “We’re not following anyone. GameStop is following GameStop’s strategy.” — Ryan Cohen
