BTCC
/
BTCC Square
/
Cryptonews
/
GameStop Doubles Down on Bitcoin—Adds 4,710 BTC to Corporate War Chest
GameStop Doubles Down on Bitcoin—Adds 4,710 BTC to Corporate War Chest
6
1
Wall Street’s favorite meme stock just made a power play in crypto. GameStop quietly loaded up its balance sheet with 4,710 bitcoins—a $200M+ bet at current prices.
Why it matters: The move signals institutional adoption is alive and well, even as TradFi bankers clutch their pearls over ’volatility.’
Between the lines: Somewhere, a hedge fund manager is simultaneously shorting BTC and explaining why his 2% treasury yield constitutes ’alpha.’
By:
