Coin-Turk 54 minutes ago
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In a recent letter, Matt Cole, CEO of Strive Asset Management, urged GameStop’s Chairman Ryan Cohen to leverage the company’s substantial cash reserves of nearly $5 billion by adopting Bitcoin 
$88,780 as a reserve asset. Cole emphasized that this move could significantly strengthen GameStop’s financial structure and offers a unique opportunity to reshape the company’s financial future.
Details of the Proposal
Cole articulated that Bitcoin could serve as an innovative criterion for capital allocation. Given Strive Asset Management’s involvement with clients holding GameStop shares through ETFs, the proposal underscores their vested interest in the company’s success. Additionally, while GameStop’s cash reserves currently yield negative real returns, Bitcoin’s potential as a hedge against inflation was highlighted.
Financial Strategies and Observations
The letter pointed out that GameStop has stabilized its balance sheet by reducing operational losses over the past two years and generating interest income through equity increases. This…
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