GameStop’s Mysterious Bitcoin Stash: The Plot Thickens! 🧐💰

Ah, the world of cryptocurrency! It’s like a soap opera, but with more digital coins and fewer dramatic pauses. Recently, whispers have emerged from the depths of the internet suggesting that GameStop, yes, the same GameStop that had everyone frantically buying stock like it was the last slice of pizza at a party, might be linked to a Bitcoin wallet holding a staggering 34,000 BTC. That’s right, folks—34,000! That’s enough Bitcoin to make even the most seasoned crypto enthusiast do a double take. 😲

This juicy tidbit was first served up by a Japanese crypto influencer named Han Akamatsu, who tweeted about it with the kind of enthusiasm usually reserved for cat videos. He even shared two images of this mysterious wallet, which apparently was filled to the brim with Bitcoin purchased on April 11 at an average price of about $80,000 per coin. Akamatsu cheekily asked, “Could it be?” Well, Han, it could also be a very elaborate prank, but who are we to judge? 🤷‍♂️

Then we have The Bitcoin Therapist—yes, that’s a real title—who suggested that GameStop might wait until Bitcoin reaches new all-time highs before making any grand announcements about their potential Bitcoin bonanza. Because why not keep everyone on the edge of their seats? On March 25, 2025, GameStop did announce that their board had approved an update to their investment policy to include Bitcoin as a treasury reserve asset. Because nothing says “we’re serious about our finances” like dabbling in cryptocurrency, right?

Now, let’s not get ahead of ourselves. There’s no official confirmation that this wallet with 34,000 BTC is actually GameStop’s. The company hasn’t released any filings or statements linking them to this address. But the timing is certainly curious, considering it all happened shortly after their March 25th announcement. Coincidence? Or just a really good plot twist? 🎭

In the meantime, GameStop reported a 3.44% increase in its cash holdings during the fourth quarter. They closed the quarter with a whopping $4.775 billion in cash, cash equivalents, and marketable securities. That’s up from $4.616 billion in the third quarter. So, they’re doing just fine, thank you very much!

As for the Bitcoin situation, it’s still shrouded in mystery. Cohen, the CEO, was seen posing with Bitcoin advocate Michael Saylor back in February 2025, which only added fuel to the speculative fire. But until we get some solid confirmation, we’re left wondering if GameStop is really HODLing 34,000 BTC or if this is just another wild goose chase in the crypto world. Stay tuned, folks! 🦢

2025-05-21 19:33

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