{"id":19059,"date":"2025-03-25T20:19:44","date_gmt":"2025-03-25T20:19:44","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=19059"},"modified":"2025-03-25T20:19:44","modified_gmt":"2025-03-25T20:19:44","slug":"gamestop-to-add-bitcoin-to-balance-sheet","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=19059","title":{"rendered":"GameStop to Add Bitcoin to Balance Sheet"},"content":{"rendered":"<div>\n<p>GameStop (GME) has added its name to the quickly-growing roster of publicly-traded companies adopting a bitcoin treasury strategy.<\/p>\n<\/p>\n<p>Alongside its fourth quarter earnings report, <a href=\"https:\/\/investor.gamestop.com\/news-releases\/news-details\/2025\/GameStopAnnouncesUpdate-to-its-Investment-Policy-to-Add-Bitcoin-as-a-Treasury-Reserve-Asset\/default.aspx\" target=\"_blank\">the company said<\/a> its board unanimously approved adding bitcoin as a treasury reserve asset.<\/p>\n<\/p>\n<p>CEO Ryan Cohen in early February got tongues wagging when <a href=\"https:\/\/x.com\/ryancohen\/status\/1888098643732811864\" target=\"_blank\">he posted<\/a> a picture of himself and Strategy (MSTR) Executive Chairman Michael Saylor at Donald Trump&#8217;s Mar-a-Lago.<\/p>\n<\/p>\n<p>Several days later, Strive Asset Management CEO Matt Cole <a href=\"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?utm_source=twitter&amp;utm_term=organic&amp;utm_medium=social&amp;utm_content=editorial&amp;utm_campaign=coindesk_main\" target=\"_blank\">sent a letter <\/a>to Cohen urging GME to use at least part of its more than $5 billion of cash on hand to purchase bitcoin. Co-founded by Vivek Ramaswamy, Strive is an owner of GME through its ETFs.<\/p>\n<\/p>\n<p>&#8220;We believe GameStop has an incredible opportunity to transform its financial future by becoming the premier bitcoin treasury company in the gaming sector,&#8221; wrote Cole.<\/p>\n<p>Cohen further raised eyebrows when he <a href=\"https:\/\/x.com\/ryancohen\/status\/1894458869364981938\" target=\"_blank\">tweeted out<\/a>, &#8220;Letter received.&#8221;<\/p>\n<p>GME shares are up 5.7% in after hours trading. Bitcoin has gained a bit on the news, now trading at $88,500.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>GameStop (GME) has added its name to the quickly-growing roster of publicly-traded companies adopting a bitcoin treasury strategy. Alongside its fourth quarter earnings report, the company said its board unanimously approved adding bitcoin as a treasury reserve asset. CEO Ryan Cohen in early February got tongues wagging when he posted a picture of himself and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-19059","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/19059","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19059"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/19059\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19059"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19059"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19059"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}