Gamestop (GME) has added its name to the fast-growing list of publicly traded companies adopting a Bitcoin Treasury strategy.
Alongside its earnings report in the fourth quarter, the company said its board of directors unanimously approved to add Bitcoin as a treasury reserve.
In early February, CEO Ryan Cohen got tongues that turned when he published a picture of himself and strategy (Mstr) performing chairman Michael Saylor at Donald Trump’s Mar-A-Lago.
Several days later, Strive Asset Management sent CEO Matt Cole a letter to Cohen urged GME to spend at least a part of its more than $ 5 billion cash available to buy Bitcoin. The coat of Vivek Ramaswamy is strive an owner of GME through its ETFs.
“We believe Gamestop has an incredible opportunity to transform its financial future by becoming the leading Bitcoin Treasury Company in the gaming sector,” Cole wrote.
Cohen raised additional eyebrows when he twited out, “received letter.”
GME shares have increased by 5.7% after hours of trade. Bitcoin has got a little on the news that is now shopping for $ 88,500.