The post Could shifting GameStop’s $5 billion cash reserve to Bitcoin ignite the MOASS? appeared on BitcoinEthereumNews.com.

Strive Asset Management has called on GameStop to allocate a significant portion of its $5 billion cash reserves to Bitcoin. In a Feb. 24 letter, Strive CEO Matt Cole outlined how Bitcoin adoption could reshape the gaming retailer’s financial strategy and market position. Cole emphasized that holding Bitcoin as a treasury asset could establish GameStop as a market leader in the gaming sector. He argued that shifting reserves from depreciating cash to Bitcoin would transform the company’s financial trajectory. He further noted that this move could elevate GameStop’s stock from a momentum-driven asset to a legitimate industry leader with long-term shareholder value. He concluded: “We firmly believe that embracing Bitcoin as your hurdle rate for capitaldeployment and your core treasury asset—while focusing on digital channels and consolidating underperforming retail operations—could position GameStop to become both an industry pioneer and a top-performing investment.” [Editor’s Note: There remains a significant number of GameStop shareholders who “like the stock” and believe the Mother Of All Short Squeezes (MOASS) is yet to come. Investing in a hard asset like Bitcoin could be a novel method to force any remaining short sellers to finally give up.] Why Bitcoin? In the letter, Strive detailed several reasons Bitcoin would be a strategic choice for GameStop’s treasury, pointing out that holding cash in the current economic climate is a losing strategy due to inflation and monetary expansion. The firm furthered that Bitcoin is a hedge against depreciation and an asset with increasing institutional demand. Strive stated: “With its decentralized structure, limited supply, and increasing mainstream adoption, Bitcoin can serve as a true savings asset over the long run and protect the company against inflationary pressures affecting fiat currencies.” Furthermore, Strive suggested that Bitcoin would be a strong foundation for GameStop’s future financial health, especially as the gaming industry…

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Filed under: News - @ February 26, 2025 10:26 am