NewsBTC

21 February 2025

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GameStop CEO Follows Bitcoin Magazine, Sparks Acquisition Speculation

GameStop CEO Ryan Cohen has followed Bitcoin Magazine on X, marking his first follow of a second account in nearly four years. This follows a photo with Michael Saylor, known for advocating corporate BTC strategies.

• Cohen previously only followed GameStop’s official account.
• Speculation arises about GameStop potentially adopting a Bitcoin strategy similar to MicroStrategy's.
• GameStop has $4.616 billion in cash and equivalents as of October 31, 2024.
• If invested in BTC, GameStop could acquire about 48,000 BTC, making it the second-largest corporate holder.
• No confirmed plans for Bitcoin acquisition have been announced by GameStop or Cohen.

Current BTC price is $97,708.