GameStop stop to buy Bitcoin as CEO no dey follow Crypto again
GameStop dey hold 4,710 BTC (about $500 million), cash wey be $8.5 billion and market cap of $10 billion. The company never buy new Bitcoin since May 2025. CEO Ryan Cohen decide to unfollow all Bitcoin and crypto accounts, e show say dem fit change how dem take handle treasury asset. Traders dey reason say GameStop no sure for im Bitcoin commitment for long run because market dey waka anyhow and dem dey wait if dem go start buy again or comot finish.
Neutral
GameStop decision to stop di accumulation of Bitcoin plus di CEO unfollow crypto accounts fit cause short-term buying vibes to drop, as traders dey see di pause as say corporate demand don reduce. But since dem no dey sell dia current holdings, long-term effect on Bitcoin supply no too much, meaning di market go remain neutral unless more selling or buying happen. Overall, di news dey show say corporate treasury strategies dey cautious but e no really change how Bitcoin market dey function fundamentally.