Strive Sends Letter to GameStop Advising Investing Into BTC

Strategy (earlier MicroStrategy) is now termed as the pioneer in Bitcoin institutional buying, with presently holding 499,096 BTCs.

Nowadays several companies Like GameStop and a few others have followed the Bitcoin buying plane of MSTR.

According to data from, Google Finance MSTR stock closed 11.41% below its February 25 closing price.

In a most recent development, GameStop an American video game retailer firm has noted that it has received a letter from Strive Asset Management, requesting to use their cash reserves to invest in Bitcoin.

The information was also confirmed through an X post by Ryan Cohen the CEO of GameStop. With this confirmation the market is now full of speculation and claims, also saying that this might create a bad effect on the traditional finance systems.

It is worth noting that, the traditional finance market in some major countries is bleeding on the verge, and most recently it was reported that the Indian stock market lost over 1 trillion from October 2024, till February 2025.

Is GameStop stock performing well in the market?

As per the data, GME stock has continued to lose control over the trading prices and in the February 26, 2025 trading frame its price was down by 2.33% and closed trading at $24.42

GME not only fell intraday it lost 8.51% of its price in a week and roughly 10% in the last 30 days.

In the past few sessions, GameStop stock has broken 2 crucial supports of $26.13 and $24.22 and if it continues to fall it might soon break support of $21.14. The back-to-back decline in the prices has dragged GME stock below its 20,50,100 and 200 days exponential moving average.

As per the managing director at Swan Bitcoin, if GameStop begins on the leveraged Bitcoin equity strategy, it will surely astonish many traditional finance investors who let go of both GME and Bitcoin as jokes

The probable turn of GameStop to Bitcoin follows its significant role in the 2020-2021 meme stock craze, which witnessed retail investors orchestrate a tiny squeeze through Reddit. The stock of the firm went up around 11,500% in the duration of 10 months starting from April 2020 and January 2021, surging from $0.70 to $81.25, the data from Google Finance reveals

The next earnings of GME

Source: TradingView

Finance experts argue that the next earning of GME is expected in the next 28 days if the company meets the expected EPS of $0.08 in Q4, 2024 and $1.48 billion in revenue, there are higher chances that GameStop stock could see a reversal, and might reach $30

Over 91% of shares of GameStop are free floating and the remaining 37.93 million are closely held. Nowadays several companies Like GameStop and a few others have followed the Bitcoin buying plan of MSTR.

Strategy (earlier MicroStrategy) is now termed as the pioneer in Bitcoin institutional buying, with presently holding 499,096 BTCs. According to data from, Google Finance MSTR stock closed 11.41% below its February 25 closing price.