Matt Cole, CEO of Strike Asset Management, urged the gamestop to adopt bitcoin as a reserve assets, arguing that the step may redefine the company’s financial strategy.
One in Letter On February 24, the gamestop president and CEO was sent to Ryan Cohen, Coal suggested that about 5 billion dollars of cash stores of the gamestop could be used as a leader in the gaming sector.
“We believe that the gamestop has an incredible opportunity to change its financial future by becoming a major bitcoin treasury company in the gaming sector,” Cole wrote.
Vivek Ramaswamy manages exchanges-traded funds with a gamstop stock, which describes the company as a fidemari responsibility and vested interest in the company’s success.
Although he did not reveal the amount of gamestop stock, Striwt maintains exposure through three separate ETFs.
Coal’s letter follows reports that the gamestop is considering alternative investments, including cryptocurrency. In the last two years, the company has reduced the operational deficit and has offset the deficit with interest income from its cash holdings.
According to Cole, real -silloneting in bitcoin (BTC) will serve as a strategic change towards reserve and long -term capital growth against reserved inflation.
The proposal aligns with steps made by companies such as Micostrate and Seemler Scientific, who have included bitcoin in their treasures.
Cole insisted that the gamestop should take advantage of the capital markets through AT-the-Market Prasad and Variable Loans securities and focus on bitcoin.
