Bitcoin
GameStop implementing a Bitcoin treasury strategy would be “a brilliant move” and could take the stock to $1,000, says Bitcoiner
Bitcoin BTC/USD Influencer Max Keizer suggested a strategy for GameStop GME which, in his opinion, would push the stock price towards $1,000.
What happened: Keizer proposed that if GameStop implemented a ‘Saylor’ Bitcoin treasury strategy, the company’s shares could potentially reach $1,000. He further suggested that GME could become the “plebeian version” of MicroStrategy Inc.
Keiser’s reference to ‘Saylor’ is a nod to michael saylor, executive chairman of MicroStrategy, known for his company’s significant Bitcoin investments. Keiser argued that the higher the stock, the more secondary shares could be issued, leading to more capital to purchase Bitcoin.
Keizer also stated“Bitcoin is mathematically guaranteed to outperform everything. Everything is mathematically guaranteed to go to zero relative to Bitcoin.”
Scott Melkder in response to the tweet stated: “This would objectively be a brilliant move for GameStop.”
Why this matters: Microstrategy announced plans to issue $500 million in convertible senior notes due 2032 to acquire more Bitcoin and finance other corporate activities.
Keizer’s comments come at a time when more companies are considering Bitcoin as a potential investment. His suggestion that GameStop adopt a similar strategy to MicroStrategy indicates a belief in the potential for significant financial gains.
This also highlights the ongoing debate over the role of Bitcoin in corporate treasury strategies. While some see it as a hedge against inflation and a way to diversify assets, others see it as a risky and speculative investment.
During the week, The Bitcoin Therapist stated that GameStop could start the biggest adoption story of the year by raising over $5 billion by issuing shares and converting that capital into Bitcoin at $70,000 per BTC.
What is the next: The influence of Bitcoin as an institutional asset class expected to be thoroughly explored at Benzinga’s next event Future of digital assets event on November 19th.
Read next: GameStop Could Start ‘Biggest Bitcoin Adoption Story of the Year’ With This Move, Trader Suggests
This content was produced in part with the help of AI tools and was reviewed and published by Benzinga editors.
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