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Journalist<\/p>\n<\/p><\/div>\n
Share this article<\/h4>\n<\/p><\/div>\n<\/p><\/div>\n\n\n- GameStop plans to copy Strategy\u2019s Bitcoin playbook<\/span><\/em><\/li>\n
- Will meme stock GME explode like Metaplanet and MSTR did?\u00a0<\/span><\/em><\/li>\n<\/ul>\n
On Tuesday, American video game retailer GameStop\u2019s (GME) board<\/a> \u2018unanimously\u2019 approved adopting <\/span>Bitcoin [<\/span>B<\/span>TC]<\/span> reserves as part of its corporate strategy.\u00a0<\/span>As a result, it would join the growing list of public companies that have copied Strategy\u2019s (formerly MicroStrategy) BTC<\/a> playbook to boost shareholders\u2019 value.\u00a0<\/span><\/p>\nThe update came a few weeks after several figures, including Strive Asset Management CEO Matt Cole, urged the firm\u2019s CEO, Ryan Cohen, to buy BTC with its excess cash reserves.\u00a0<\/span><\/p>\nBitcoins Market reactions<\/h2>\n
There were mixed reactions to the update though. Michael Saylor, the pioneer of BTC strategy, <\/span>termed<\/span><\/a> it a \u201cstep in the right direction.\u201d According to reports, the gaming firm has $4.6 billion in cash reserves right now.\u00a0<\/span><\/p>\nIn fact, according to GameStop\u2019s 10-K filing<\/a> with the SEC, its groundwork for BTC adoption mirrors Strategy\u2019s (MicroStrategy), including through debt and stock issuance.\u00a0<\/span><\/p>\n\n![\"bitcoins](\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/03\/Bitcoin-reserve-GameStop.png\")
<\/a><\/p>\nSource: SEC (excerpt of 10-K filing)\u00a0<\/span><\/p>\n<\/div>\nAccording to Bitcoin Treasuries, 88 public companies <\/span>control<\/span><\/a> a whopping 665,030 BTC as part of their Bitcoin strategy. In fact, they are the second largest category of BTC holders after funds like ETFs, which have over 1.29M BTC.\u00a0<\/span><\/p>\nAlthough some view the FOMO among companies as a net positive for BTC\u2019s value due to growing demand, some had opposite opinions. According to analyst Checkmatey, the growing number of firms jumping on the bandwagon is a likely top signal.\u00a0<\/span><\/p>\n\n\u201cI made a claim that zombie companies like Gamestop \u2018pulling a Saylor\u2019 as a get out of jail card would be a clear topping signal.\u201d<\/span><\/p>\n<\/blockquote>\nThat being said, most firms that have adopted this strategy have seen massive pumps on their stocks. Strategy\u2019s MSTR, for example, has <\/span>rallied<\/span><\/a> by over 2000% since adopting BTC in 2020, outperforming the crypto by 3.3x.\u00a0<\/span><\/p>\nSimilarly, Metaplanet\u2019s stock pumped by 2,240% since adopting BTC in April 2024. Will investors in the meme stock GME benefit from a similar windfall trend? Well, that remains to be seen. However, the stock was up 10% slightly after the U.S market opened on Wednesday.\u00a0<\/span><\/p>\n\n
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- GameStop plans to copy Strategy\u2019s Bitcoin playbook<\/span><\/em><\/li>\n
- Will meme stock GME explode like Metaplanet and MSTR did?\u00a0<\/span><\/em><\/li>\n<\/ul>\n
On Tuesday, American video game retailer GameStop\u2019s (GME) board<\/a> \u2018unanimously\u2019 approved adopting <\/span>Bitcoin [<\/span>B<\/span>TC]<\/span> reserves as part of its corporate strategy.\u00a0<\/span>As a result, it would join the growing list of public companies that have copied Strategy\u2019s (formerly MicroStrategy) BTC<\/a> playbook to boost shareholders\u2019 value.\u00a0<\/span><\/p>\n
The update came a few weeks after several figures, including Strive Asset Management CEO Matt Cole, urged the firm\u2019s CEO, Ryan Cohen, to buy BTC with its excess cash reserves.\u00a0<\/span><\/p>\n
Bitcoins Market reactions<\/h2>\n
There were mixed reactions to the update though. Michael Saylor, the pioneer of BTC strategy, <\/span>termed<\/span><\/a> it a \u201cstep in the right direction.\u201d According to reports, the gaming firm has $4.6 billion in cash reserves right now.\u00a0<\/span><\/p>\n
In fact, according to GameStop\u2019s 10-K filing<\/a> with the SEC, its groundwork for BTC adoption mirrors Strategy\u2019s (MicroStrategy), including through debt and stock issuance.\u00a0<\/span><\/p>\n
\n<\/a><\/p>\nSource: SEC (excerpt of 10-K filing)\u00a0<\/span><\/p>\n<\/div>\n
According to Bitcoin Treasuries, 88 public companies <\/span>control<\/span><\/a> a whopping 665,030 BTC as part of their Bitcoin strategy. In fact, they are the second largest category of BTC holders after funds like ETFs, which have over 1.29M BTC.\u00a0<\/span><\/p>\n
Although some view the FOMO among companies as a net positive for BTC\u2019s value due to growing demand, some had opposite opinions. According to analyst Checkmatey, the growing number of firms jumping on the bandwagon is a likely top signal.\u00a0<\/span><\/p>\n
\n
\u201cI made a claim that zombie companies like Gamestop \u2018pulling a Saylor\u2019 as a get out of jail card would be a clear topping signal.\u201d<\/span><\/p>\n<\/blockquote>\n
That being said, most firms that have adopted this strategy have seen massive pumps on their stocks. Strategy\u2019s MSTR, for example, has <\/span>rallied<\/span><\/a> by over 2000% since adopting BTC in 2020, outperforming the crypto by 3.3x.\u00a0<\/span><\/p>\n
Similarly, Metaplanet\u2019s stock pumped by 2,240% since adopting BTC in April 2024. Will investors in the meme stock GME benefit from a similar windfall trend? Well, that remains to be seen. However, the stock was up 10% slightly after the U.S market opened on Wednesday.\u00a0<\/span><\/p>\n
\n - Will meme stock GME explode like Metaplanet and MSTR did?\u00a0<\/span><\/em><\/li>\n<\/ul>\n
![\"bitcoins](\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-26-170043.png\")
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