GameStop Don Use Bitcoin Treasury and Plan Crypto Payments
GameStop dey check Bitcoin as money asset after e buy like 4,710 BTC for $512 million last May. Di company wey get balance sheet of $9 billion plus e recently raise $2.7 billion dey see Bitcoin as way to protect money from inflation with small risk for loss but plenty chance to gain.
Under CEO Ryan Cohen, GameStop dey build plan for crypto payments. Dem wan try connect with big network like Ethereum and go accept crypto for gift cards and store buying. Traders suppose watch how money for balance sheet go dey put for BTC and how payment system go start as signs of GameStop move go digital assets.
Bullish
GameStop dey put small part of im treasury into Bitcoin plus dem dey build crypto payments system, e fit make demand for BTC rise. For short term, wen dem announce new BTC allocations and payment wahala dem join, e fit make people dey positive and trade more. For long term, if Bitcoin start work well as store-of-value and crypto payment dey for retail, e go make BTC better for big big companies, e go still help price to dey go up steady.