According to U.Today, Bitcoin maximalist Samson Mow has proposed a new bullish scenario for Bitcoin on a social media platform. Mow, who is the CEO of Bitcoin adoption-focused company Jan3, suggested that GameStop, the video game retail sales company known for its 2021 short squeeze, should incorporate the leading cryptocurrency into its corporate treasury. Mow believes that this move would create a 'double bullish thesis', leading to a significant increase in both Bitcoin and GameStop's value.
Mow's suggestion echoes a recent statement by prominent U.S. financier Anthony Scaramucci, who also expressed his belief that GameStop should invest in Bitcoin. This comes after GameStop's shares fell by nearly 40% following the company's disclosure of its recent financial results and plans to issue more shares.
In addition to this, financial analyst and investor Keith Gill, also known as 'Roaring Kitty' on social media platforms, planned to announce his billionaire status due to his substantial investment in GameStop during a live stream on YouTube. However, this announcement was not made due to a sharp drop in GameStop's stock price, which followed a recent 50% surge. Mow's proposal for GameStop to add Bitcoin to its treasury is seen as a potential strategy to boost the company's financial standing and market value.