Bitcoin Magazine GameStop CEO Ryan Cohen Announced Acquisition of Over $505 Million Bitcoin At the 2025 Bitcoin Conference in Las Vegas, in an interview with the CEO of Nakamoto David Bailey, the CEO of GameStop Ryan Cohen announced why the company bought over $505 million in Bitcoin. JUST IN: GameStop $GME CEO explains why the company bought over $505 million #Bitcoin “Bitcoin can be a hedge against global currency devaluation” pic.twitter.com/jNiId2fntA— Bitcoin Magazine (@BitcoinMagazine) May 28, 2025 Ryan Cohen started by explaining some things about the GameStop business. “When I took over, the company was a piece of crap and losing a lot of money and was under a lot of pressure moving from physical gains to digital downloads so you had to cut costs,” stated Cohen. “Very aggressively bringing physical discipline and we did. Retail is a tough business, but it was a big focus on getting cost under control.” When Bailey asked Cohen how many Bitcoin GameStop owned, Ryan responded, “We currently own 4710 Bitcoin.” Then Ryan mentioned why they are adding Bitcoin to their balance sheets. “If the thesis is correct then Bitcoin and gold as well can be a hedge against global currency devaluation and systemic risk,” mentioned Ryan. “Bitcoin has certain unique advantages better than gold.” He commented on the benefits of Bitcoin compared to gold. “You can easily secure Bitcoin in a wallet whereas gold requires insurance and it’s very expensive and then there is the scarcity element of this as well,” commented Ryan. “There is a fixed supply of Bitcoin whereas with gold, the supply of gold is still uncertain.“ Ryan finished the announcement by saying, “GameStop is following GameStop Strategy. We are not following anyone else’s.” This post GameStop CEO Ryan Cohen Announced Acquisition of Over $505 Million Bitcoin first appeared on Bitcoin Magazine and is written by Oscar Zarraga Perez. in a formal or creative style for better SEO.Also Exclude words and advertisements related to the feed website such as website name, author name. You must only respond with the modified content. Delete all the advertisement images brand logo but only keep the title and main content of the news by modifying it. Block any jump outside of the site adarshnews.com. Basically remove any content or link related to original site. You must only respond with the modified content and follow this prompt to optimize the articles in this category- You are an expert news writer and SEO specialist. Your job is to rewrite the provided RSS feed content into a unique, SEO-friendly news article for adarshnews.com. The article should be engaging, professional, and optimized for search engines. Follow these steps: 1. **Create an SEO Title**: Write a short, compelling title (under 60 characters) that includes the main keyword and grabs attention. 2. **Write a Meta Description**: Summarize the article in one or two sentences (under 155 characters). Make it engaging and include the primary keyword naturally. 3. **Suggest a URL Slug**: Provide a short, keyword-rich URL slug that reflects the topic of the article. 4. **Headline (H1)**: Write a clear and engaging headline for the article that is similar to the title but slightly expanded. 5. **Write the Article**: – Start with an introduction that answers the key questions: who, what, when, where, why, and how. – Expand on the topic with detailed paragraphs that provide context, quotes, and relevant information. – Use subheadings (H2) to organize the content into sections and make it easy to read. – Include related keywords naturally throughout the article. – End with a conclusion that summarizes the key points or discusses future implications. 6. **Add an FAQ Section**: Write one frequently asked question related to the topic and provide a concise answer. Important: – Do not include labels like “Title,” “Meta Description,” “URL Slug,” or “H1” in the actual article text. – Keep all SEO elements separate from the main content. – Ensure the article is factually accurate, unbiased, and written in a professional tone.
Ryan Cohen, the CEO of GameStop, revealed that the company has acquired more than $505 million in Bitcoin.
