GameStop has a unique opportunity to redefine itself as a market leader with its nearly $5 billion cash reserve, the letter said.

The firm urged GameStop to avoid investing in other cryptos, calling Bitcoin the only “true store of value” among digital assets.

GameStop confirmed it received a shareholder letter urging it to buy Bitcoin, which Swan Bitcoin’s John Haar says would “bake the noodles” of TradFi investors if it takes the advice.

The crypto and NFT gaming space is busier than ever lately, what with prominent games starting to release, token airdrops piling up, and a seemingly constant array of other things happening at all times.

The week was a rollercoaster ride in the world of cryptocurrencies. From GameStop-themed crypto rallying to a Trump-backed project bolstering Bitcoin and Ethereum, the crypto market was buzzing with activity.

Bitcoin hasn't moved in price much over the past week as investors pulled cash out of the American ETFs—and GameStop could reportedly buy in.

User apsk32, allegedly an engineer and Bitcoin enthusiast, stated that based on historical four-year cycle patterns, BTC is “on track for” reaching $230,000 to $290,000 by December 2025.

The recent surge in GameStop stock prices alongside the growing popularity of Bitcoin investments has traditional finance (tradfi) investors on edge.

GameStop considers Bitcoin adoption as Strive Asset Management urges it to allocate cash reserves, potentially reshaping its financial strategy.