Part 3/10:
The Case of GameStop and Bitcoin
The recent endorsement of Bitcoin by GameStop offers an illustrative instance of this positive trend. Once known for its stock rally driven by retail investors on platforms like Reddit, GameStop's board recently approved the acquisition of Bitcoin as part of its treasury assets. With cash reserves of approximately $4.8 billion, even a modest allocation of 10% towards Bitcoin would signify almost half a billion dollars in investment, showcasing the cryptocurrency's increasing legitimacy as a treasury asset.