"When I took over, the company was a piece of crap and losing a lot of money... very aggressively bringing physical discipline and we did."
"If the thesis is correct then Bitcoin and gold as well can be a hedge against global currency devaluation and systemic risk."
"You can easily secure Bitcoin in a wallet whereas gold requires insurance and it's very expensive... a fixed supply of Bitcoin whereas with gold, the supply of gold is still uncertain."
"GameStop is following GameStop Strategy. We are not following anyone else's."
At the 2025 Bitcoin Conference, GameStop CEO Ryan Cohen announced the company's substantial investment of over $505 million in Bitcoin. Cohen described his efforts to transform GameStop from a struggling retailer to a more cost-effective entity in the digital space. He highlighted the advantages of Bitcoin over gold, including easier security measures and a fixed supply. Cohen emphasized that this decision aligns with GameStop's unique strategy, focusing on its own path rather than following industry trends.
Read at Bitcoin Magazine
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