Strive Asset Management continues to urge GameStop to quickly acquire Bitcoin as a corporate treasury asset. Strive CEO Matt Cole mentioned an ongoing internal debate within GameStop regarding the extent of Bitcoin purchases, stating that there’s no consensus on how much to buy. Recently, GameStop updated its investment policy to include Bitcoin and raised $1.5 billion by offering convertible senior notes, intended partly for Bitcoin acquisitions. Despite having significant cash reserves, Cole highlighted various stakeholders’ differing opinions on fully adopting a Bitcoin treasury strategy. He emphasized the necessity for GameStop to tackle its structural challenges to ensure long-term viability, suggesting that partial engagement in Bitcoin would not suffice for the company’s survival. Strive proposed earlier that GameStop convert its cash holdings entirely into Bitcoin, viewing the dollar as a declining asset amid inflation. GameStop's stock seesaw has been influenced by its position as a popular meme stock, leaving its future strategic directions uncertain as discussions continue.

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