GameStop CEO Ryan Cohen Says Bitcoin Purchase Is Hedge Against Inflation

GameStop CEO Ryan Cohen has publicly stated that the company's recent Bitcoin purchase, totaling over $500 million for 4,710 coins acquired in late May 2025, is a hedge against inflation and global money printing. This move has sparked debate among investors and on social media, with some advocating for GameStop to invest even more of its cash reserves into Bitcoin. Following the announcement of the Bitcoin investment, GameStop's stock experienced a 2% decrease. The company's strategy differs from that of MicroStrategy, with GameStop aiming to use Bitcoin as a financial buffer while maintaining focus on its core business, particularly its collectibles segment which generated $732.4 million in Q1 2025.