GameStop CEO: Buying BTC to Hedge Against Inflation, Not to Become the Next MicroStrategy

BlockBeats News, July 15th, GameStop CEO Ryan Cohen stated in an interview with CNBC that the company will not follow the MicroStrategy model, but rather has its own unique strategy. Currently, GameStop has a very strong balance sheet, with over $9 billion in cash and marketable securities. The purpose of previously purchasing 4,710 BTC was simply to view Bitcoin as a hedge against inflation and global money printing.