GameStop CEO Ryan Cohen hinted at the potential start of accepting cryptocurrency for trading card purchases as part of a company strategy shift.
GameStop's Strategic Changes
In an interview with CNBC, Cohen explained that GameStop is shifting tactics to reduce reliance on hardware amid rising costs, focusing instead on trading cards and collectibles.
Crypto as a Payment Method
Cohen mentioned that there is an opportunity to purchase trading cards using cryptocurrency, stating, 'We’re going to look at all cryptocurrencies,' showing the company’s openness to new payment methods.
Investments in Bitcoin and Their Significance
GameStop acquired 4,710 BTC in late May, viewing it as a hedge against inflation. Cohen emphasized that the company has its unique strategy apart from other firms and plans to deploy capital prudently.
GameStop's initiatives in the crypto space and potential payment strategy changes could influence the company's future and its impact on retail markets.
