Will GameStop Dump Its Bitcoin? CEO Says ‘Way More Compelling’ Move Ahead

GameStop’s love affair with Bitcoin may be coming to an end. On Friday, CEO Ryan Cohen said the company is pivoting the meme-stock pioneer toward a “transformative” acquisition, suggesting the company’s roughly $500 million Bitcoin treasury may no longer be a permanent fixture on the balance sheet. In a CNBC interview, Cohen declined to say whether GameStop plans to cash out its Bitcoin. Still, when asked how the company would fund future deals, Cohen described GameStop’s acquisition ambitions as “way mo ...