Nintendo May Follow GameStop in Bitcoin Reserve Plans
- GameStop announced plans to build a Bitcoin reserve, causing its stock to rise by 11.65% and market cap to increase by $1.655 billion.
- Nintendo holds over $14.88 billion in cash, prompting speculation it might adopt a Bitcoin strategy similar to Michael Saylor’s playbook.
- Investor Joe Consorti suggests Nintendo could enhance equity performance by adding Bitcoin to its balance sheet.
- Japanese firm Metaplanet saw its stock price increase by 2,300% after adopting a Bitcoin strategy.
- GameStop plans to issue $1.3 billion in convertible senior notes to purchase Bitcoin.
Nintendo is speculated to follow GameStop’s lead in building a Bitcoin reserve, leveraging its significant cash reserves of over $14.88 billion for potential equity performance enhancement.
Source (2.6)https://coingape.com/will-nintendo-announce-bitcoin-reserve-plans-soon-after-gamestop/?rand=24432
