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Samagraphico ✪ 🎩🎭🍄
@samagraphico
In a letter sent to GameStop Chairman and CEO Ryan Cohen on Feb. 24, Cole suggested that GameStop’s nearly $5 billion in cash reserves could be used to position the company as a leader in the gaming sector. “We believe GameStop has an incredible opportunity to transform its financial future by becoming the premier Bitcoin treasury company in the gaming sector,” Cole wrote. Strive, co-founded by Vivek Ramaswamy, manages exchange-traded funds that hold GameStop stock, giving the firm what Cole describes as a fiduciary responsibility and vested interest in the company’s success. While he did not disclose the amount of GameStop stock held, Strive maintains exposure through three different ETFs.
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