Strive CEO Urges GameStop to Convert Cash Reserves into Bitcoin
- Matt Cole, CEO of Strive Asset Management, sent a letter to GameStop’s CEO on February 24.
- Cole suggests GameStop convert its nearly $5 billion cash reserve into bitcoin.
- Strive holds GameStop stock in three exchange-traded funds (ETFs).
- Cole argues bitcoin is an inflation hedge and a strategic financial move.
- The letter praises GameStop for closing unprofitable stores and rejecting DEI programs.
Matt Cole of Strive Asset Management recommends that GameStop convert its $5 billion cash reserve into bitcoin, highlighting it as a strategic financial move and an inflation hedge.
Source (2.6)https://www.coindesk.com/markets/2025/02/25/do-not-publish-strive-ceo-matt-cole-urges-gamestop-s-ceo-to-convert-cash-reserves-into-bitcoin?rand=52298
