GameStop CEO Discusses Strategic Shift Amid Rising Costs

According to Odaily, GameStop CEO Ryan Cohen revealed in an interview with CNBC's 'Squawk Box' that the company is adjusting its strategy due to increasing costs. GameStop plans to reduce its reliance on hardware and focus more on trading cards and collectibles. Cohen mentioned that these items might be available for purchase using cryptocurrency in the future. He emphasized the potential of using cryptocurrency for buying trading cards and highlighted the importance of understanding actual demand. Cohen stated that beyond investment, cryptocurrency serves as a hedge against inflation, which is currently its most significant demand. The opportunity to use cryptocurrency in transactions is a focus for the company.