GameStop Corp. (NYSE:GME) CEO Ryan Cohen said Tuesday the company does not intend to emulate Strategy Inc.’s (NASDAQ:MSTR) approach, emphasizing its unique strategy and responsible capital deployment.
What Happened: During an interview with CNBC, Cohen was asked if investors should see GameStop as a “mini MicroStrategy,” referring to the Michael Saylor-founded firm that is the world leader in Bitcoin (CRYPTO: BTC) purchases.
“No, I mean, we have our own unique strategy,” Cohen responded. “We have a very strong balance sheet, over $9 billion of cash and marketable securities, and we will deploy that capital responsibly.”
He added that the firm will only look for opportunities where the downside is limited and the upside …