Originally Posted by jscott

Could be for sell, there are other possible reasons:

"Liquidity interests to earn yield over time.

Regulatory and audit protection.

Having bitcoin stored cold wallet with the company can have M&A difficulties, so they move it before an M&A transaction takes place, allows for movement between more than one company under GameStops umbrella and gives them a broader treasury strategy

Makes rebalancing of statements easier during M&A. Etc.

Many many reasons, all of which if people understood the product would know this, but instead we get panic posts."



and to note, Jacob King (guy who made that post) swore that Bitcoin is going to $30k in 2025. Dude is a BDS liar and fraud, a contrarian for clicks.

Also, Cohen supposedly purchasing 500k shares so maybe they're converting BTC to GME. Right now everything is speculative.