Today, May 28, 2025, GameStop Video Game Company announced its first purchase of Bitcoin (BTC) and opened a strategic reserve with its digital currency.
In total, like the encryption reported this morningGameStop got 4,710 BTC. Money for such purchases came from the issuance of convertible notes, following strategies similar to those of the strategy company.
In a dialogue between historians and Bitcoiner, Gamestop CEO Ryan Cohen, Pete Rizzo explained why the company has come to incorporate BTC into the balance.
Cohen believes that “bitcoin and gold could be a global valuation of currency and coverage of systematic risk.” He adds that “Bitcoin has certain unique advantages compared to gold.” Among these benefits, they mention portability, reliability and storage. However, with a particular emphasis on rarity, he clarifies that “there are “there are fixed offers of Bitcoin (21 million), but with gold for certain technological advances, the supply is still uncertain.”
As this helpful portal reported last week, Gold supply through mining and recycling is growing rapidly. This growth is at a great risk that it does not coincide with growth in demand for precious metals, which ultimately hurts its price.
Another thing that GameStop’s CEO stands out from Bitcoin is the possibility of asymmetric climbing.
«Gold is a more mature market. The market capitalization is approximately 20 billion (The signin English), today’s Bitcoin is around 2 billion. And if the paper is correct, if Bitcoin becomes the digital gold we adopt, there is a possibility of more gains, but we know what will happen. No one has a glass ball».
Ryan Cohen, CEO of DE Gamestop.
Cohen coincides with strategy president Michael Saylor (a public contributor with more BTC in his Treasury Department). Saylor believes BTC will reach billionaires figures in the coming years. Not only that, he is confident that the current cycle is still “fuel” and that BTC will reach $180,000 this year.
(tagstotranslate)bitcoin(btc)
