cyrpto adopt, asset, Bitcoin, CEO, GameStop, Strive, treasury, urges Mark February 25, 2025 0 Comments

Strive CEO urges GameStop to adopt Bitcoin as treasury asset

The CEO of Strive Asset Management, Matt Cole, urged Gamesop to adopt Bitcoin as a reserve asset, arguing that this decision could redefine the financial strategy of the company.

In a letter sent to GameStop President and CEO Ryan Cohen on February 24, Cole suggested that nearly $ 5 billion in GameStop cash reserves could be used to position the company as a leader in the game sector.

“We believe that Gamesop has an incredible opportunity to transform its financial future by becoming the first Bitcoin cash company in the game sector,” wrote Cole.

Strive, co-founded by Vivek Ramaswamy, manages negotiated funds on the stock market This holds the Gamestop stock, giving the company what Cole describes as a fiduciary responsibility and an interest acquired for the success of the company.

Although he did not disclose the quantity of stock of Gamestop detained, Strive maintains the exposure through three different ETFs.

Yesterday, Strive sent Gamestop a letter of engagement urging them to adopt Bitcoin as the cornerstone of their treasure. We think this change can increase $ GME From “stock even” to the head of the game sector, leading to long -term value for shareholders, including our customers who hold …

– Matt Cole (@colemacro) February 25, 2025

Cole’s letter follows the reports according to which Gamesop envisages alternative investments, including cryptocurrencies. Over the past two years, the company has reduced operating losses and compensated for deficits with interest income from its cash assets.

According to Cole, the reallocation of reserves in Bitcoin (BTC) would serve as coverage against inflation and a strategic change towards the growth of long -term capital.

The proposal aligns with the movements made by Companies like Microstrategy And Scientistwho incorporated Bitcoin into their treasury bills.

Cole stressed that GameStop should focus only on Bitcoin while taking advantage of capital markets through market offers and convertible debt securities.