Gamestop CEO Ryan Cohen removes bitcoin-related accounts on a large scale "
On August 9, Gamestop CEO Ryan Cohen suddenly canceled attention to all bitcoin-related accounts on platform X, a move that attracted social media attention. Gamestop currently holds 4710 bitcoins worth approximately $550 million, only one-third of the company's planned purchases since April. Despite this, Cohen's investment attitude is seen as lacking enthusiasm and is even called "worthless" and "non-Bitcoin supporter" by critics. In addition, Cohen was nicknamed "Rugpull Ryan" to point to the 80% drop in his stock price from all-time highs. Although Gamestop raised $1.48 billion in April through bond sales that it claimed would be used to buy Bitcoin and operate the company, Cohen used only about a third of the money to buy Bitcoin.
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