The CEO of the giant company planning to buy Bitcoin invested millions of Dollars in his own shares! - Coin Bulletin

Koinbulteni · 2025-04-04T10:00:55+00:00

GameStop CEO Ryan Cohen increased his shares after the company's investment in Bitcoin. Cohen bought 500,000 more A-class common shares, totaling about $10.78 million, bringing his total shares to 37,347,842, representing 8.4% of the company's shares. This purchase followed the approval of GameStop's board to invest in BTC using some of the company's cash reserves. The company issued $1.5 billion in convertible bonds for Bitcoin purchases, with the fundraising process concluding this week. Despite a more than 7% drop in shares following President Trump's tariff announcements, GameStop's stock saw a slight increase in the current pre-market trading.

Koinbulteni

2025-04-04 10:00:55

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GameStop (GME) CEO Ryan Cohen increased his stake following the company’s initiation of Bitcoin (BTC) investments.

According to GameStop’s disclosure (SEC) to the Securities and Exchange Commission last week, Cohen has purchased an additional 500,000 shares of the company’s Class A common stock, making a total investment of approximately $10.78 million. This acquisition brought the total number of shares owned by Cohen to 37,347,842, allowing him to hold 8.4% of the company’s entire stock.

This purchase occurred after the GameStop board of directors approved a plan at the end of March to evaluate part of the company’s cash reserves by investing in BTC. Additionally, the company issued $1.5 billion worth of convertible bonds for Bitcoin purchases, and this fundraising operation was completed this week.

GameStop shares, despite showing a decrease of over 7% following President Trump’s tariff announcements, have experienced a slight increase in the current pre-market.

BTC-2,51%

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