GameStop has initiated discussions on how much Bitcoin to acquire following its successful fundraising of 1,500 million USD. Strive Asset Management emphasizes the urgency of purchasing Bitcoin as part of its treasury strategy.
Strive CEO Matt Cole highlighted a divide among GameStop stakeholders regarding the company’s approach to Bitcoin acquisition. The board of directors and the Reddit community Superstonk have conflicting views on the desired strategy.
Despite a recent stock price increase of 8.5% to approximately 27.60 USD per share, GameStop’s shares have fallen 12% this year. Strive proposes that all cash reserves be converted to Bitcoin to combat inflation concerns.
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