Strive CEO Urges GameStop BTC Purchase

This is a news story, published by CoinGape, that relates primarily to Bitcoin news.

Bitcoin news

For more Bitcoin news, you can click here:

more Bitcoin news

video games news

For more video games news, you can click here:

CoinGape news

For more news from CoinGape, you can click here:

more news from CoinGape

About the Otherweb

Otherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best entertainment news, business news, world news, and much more. If you like video games news, you might also like this article about

GameStop CEO

. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest BTC holdings news, meme stock news, video games news, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!

GameStop shares

CoinGape

•

Entertainment

Letter urges GameStop to buy Bitcoin ( BTC) with $5B cash reserves

Summary

Nutrition label

55% Informative

Matt Cole , CEO of Strive Asset Management , urges GameStop to buy Bitcoin with its $5 billion cash reserves.

GameStop has previously hinted at adding Bitcoin into its balance sheet, stoking the ire of critics.

Cole , in a letter to GameStop CEO Ryan Cohen , noted the purchase will move the retailer from “meme stock to market leader” following the surge of its stock price.

VR Score

Informative language

Neutral language

Article tone

formal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful