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GameStop CEO: Buying BTC to Hedge Against Inflation, Not Imitating Strategy

Summary: GameStop CEO Ryan Cohen stated in an interview with CNBC that the company will not follow Strategy's model, but has its own unique strategy. GameStop currently has a very strong balance sheet with over $9 billion in cash and marketable securities. The recent purchase of 4,710 BTC was simply to view Bitcoin as a tool ...

GameStop CEO Ryan Cohen stated in an interview with CNBC that the company will not follow Strategy's model, but has its own unique strategy. GameStop currently has a very strong balance sheet with over $9 billion in cash and marketable securities. The recent purchase of 4,710 BTC was simply to view Bitcoin as a tool to hedge against inflation and global money printing. (CNBC)

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