Michael Saylor, the Chief Executive Officer of MicroStrategy, has ignited a debate on X (previously known as Twitter) through a survey inquiring about the quantity of Bitcoin GameStop should procure to garner admiration from the digital currency sphere. TruBit Collaborates with Morpho to Introduce DeFi Unearned Revenue in Latin America
Almost half of those who responded (48.4%) are of the opinion that GameStop should adopt a “king-sized” approach by allocating in excess of $3 billion towards Bitcoin to be deemed credible. Approximately 17% would find contentment with a MicroStrategy-like initial investment amounting to $250 million. Saylor himself disregarded a $50 million acquisition as “engaging in trivial pursuits.”
GameStop possesses close to $5 billion in liquid assets, implying they have sufficient capital. The announcement has already propelled their stock value by over 14%.
Certain detractors perceive this as an act of desperation, while others are doubtful whether a meme stock enterprise embracing Bitcoin is advantageous for the cryptocurrency’s standing.
Thus far, the integration of Bitcoin into corporate entities has been sluggish. Microsoft’s stakeholders recently rejected a proposition to allocate funds towards Bitcoin.
Conversely, MicroStrategy is completely invested, possessing more than 500,000 Bitcoins. Nevertheless, certain individuals are concerned that their persistent purchasing binge could consolidate the digital currency and deter prospective investors.
U.Today reports that GameStop, recognized for its meme stock craze during the beginning of 2021, implied on Tuesday that Bitcoin might evolve into a component of its reserve holdings.
Roughly 28.7% of survey takers would be pleased if GameStop acquired $1 billion worth of Bitcoin, mirroring Tesla’s stake.
**Headline:** Saylor Provokes GameStop: Embrace Bitcoin Boldly or Abstain Entirely!
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