GameStop's Bitcoin Move Could Spark a Crypto Rally
AinvestMonday, Apr 7, 2025 11:36 pm ET
1min readGameStop plans to buy Bitcoin with corporate cash, potentially sparking a crypto rally. The move comes after CEO Ryan Cohen met with Michael Saylor, the executive chair of the biggest public BTC holder. The video game retailer has $4.8 billion in cash and plans to use a portion of it to acquire BTC and U.S. dollar-denominated stablecoins. The investment could bring fresh momentum to the crypto market, which has been negatively affected by concerns over a global trade war and President Trump's inauguration.
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