Strive CEO urges GameStop to invest $5B cash reserve in Bitcoin

Strive Asset Management CEO Matt Cole has called on GameStop to convert its $5 billion cash reserve into Bitcoin. In a letter to CEO Ryan Cohen, Cole argued that Bitcoin offers a strong hedge against inflation and could position GameStop as a market leader in the gaming sector. According to CoinDesk, he also recommended focusing solely on Bitcoin, avoiding other cryptocurrencies and leveraging capital markets for funding.