GameStop (NYSE: GME) CEO Ryan Cohen attempted to bring clarity to the market in a televised interview. He says the company isn’t trying to be a Bitcoin repository and isn’t following in the steps of Strategy (NASDAQ: MSTR), which is good news. However, what he didn’t do was provide an update on a coherent plan for the business, which is slowly consuming itself.
The only thing holding it afloat is its cash balance, which has so far been used solely to purchase Bitcoin.
