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Gamestop CEO cancels follow of Bitcoin account, holding coin plan questioned
According to reports, Gamestop CEO Ryan Cohen suddenly unfollowed all Bitcoin-related accounts on social media, a move that has drawn attention on social media.
Gamestop currently holds approximately $550 million worth of 4,710 Bitcoins, which is only one-third of the amount the company planned to purchase since April. Nevertheless, Cohen's investment attitude is considered to lack enthusiasm, and he has even been criticized as "worthless" and "not a Bitcoin supporter."
In addition, Cohen is nicknamed "Rugpull Ryan" to highlight that his stock price has dropped 80% from its historical peak. Although Gamestop raised $1.48 billion through bond sales in April, claiming it would be used to buy Bitcoin and for company operations, Cohen only used about a third of that money to purchase Bitcoin.