NEWSLETTER
According to reports, Gamestop, a video game retailer and the popular memes action, is considering investing in bitcoin and other cryptocurrencies. Three experts revealed that the company is evaluating alternative classes of assets, particularly in cryptography as the political landscape of the United States changes in favor of the industry after years of hostility.
After the news occurred, Gamestop's actions saw a two -digit increase in trade off time. However, the company has not yet ended its decision, and ultimately can choose not to proceed with investments.
According to CNBC, a source indicated This Gamestop is still evaluating whether this movement fits its broader commercial strategy.
The company debuted its self -optonium wallet in May 2022, allowing customers to administer cryptographic assets and nft through their web browsers. Later that year, he expanded its cryptographic efforts by presenting an nft market built on the L2 Loopring L2 network based on ethereum. However, in August 2023, the company closed the service, citing concerns about “regulatory uncertainty.”
The last development occurs only a few days after Gamestop CEO, Ryan Cohen, <a target="_blank" href="https://x.com/ryancohen/status/1888098643732811864″ target=”_blank” rel=”noopener” data-wpel-link=”external”>on Speculation by publishing a photo with the president and co -founder of Microstrategy Michael Saylor in x. Microstrategy is the largest corporate head of bitcoin. Despite this, two sources confirm that Saylor is not currently part of Gamestop cryptop investment conversations.
The Board of the firm established a new “investment policy” in December 2023 that allowed Cohen, two members of the Independent Board and important personnel to administer their values investments. However, all of them must adhere to the rules of the policy or obtain the approval of a unanimous decision of the committee or a majority vote of the complete Board.
The company has not yet addressed speculation.
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