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GAMESTOP (GME) will join the list of public trading companies that add Bitcoin to the Treasury because T. Rowe Price, a $ 1 trillion asset manager, is called a “really good time” to purchase cryptocurrency.
GAMESTOP said in the fourth -quarter income report that the board of directors unanimously added bitcoin to the Treasury. Video game retailers plan to acquire BTC and USD-Pegged Stablecoins using some of the company’s cash or future debt issuance.
Gamestop CEO took pictures with Michael Saylor in Mar-A-Lago in Donald Trump
Gamestop CEO Ryan Cohen implied a move in early February when he posted a photo of himself and Strategic Chairman Michael Saylor in early February. Trump Mar-real estate.
Ryan Cohen (@ryancohen) February 8, 2025
Gamestop’s cash reserves amounted to more than $ 4.77 billion as of February 1, and this report increased from $ 997 million year -on -year.
After cohen uploaded a photo with Saylor, the Strive Asset Management CEO Matt Cole urged Gamestop CEO to buy a significant reserve. Bitcoin.
T. Rowe Price says that buying a BTC is a “good time.”
According to Dominic Rizzo, a global technology portfolio manager of T. Rowe Price, the decision to add Gamestop’s BTC to the Treasury is perfect. In the exchange meeting of Las Vegas, Rizzo said it was a good time to accumulate exposure to Bitcoin.
He compared the price of Bitcoin and a general product and shared his thoughts about what to invest in BTC purchases.
T. Rowe Price PM Dominic Rizzo says he owns Bitcoin but has no gold.
He is currently allocated to Coinbase, and Nubank and Robinhood are pointed out as attractive companies within encryption/digital payments. pic.twitter.com/m7wpxvogae
-Ben Strack 🟪 (@strack_ben) March 25, 2025
“Bitcoin itself has been traded very close to the average cost of mines.” So if you think it’s a traditional product about it, it’s a great time to actually expose it to it. ”
Bitcoin has won 1.4%over the last 24 hours and 5.3%last week, and has been trading at $ 87,960 am EST 4:51. CoinmarketCap data.
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