Gamestop CEO Ryan Cohen Unfollows Numerous Bitcoin-Related Accounts

On August 9, it was reported that Gamestop CEO Ryan Cohen suddenly unfollowed all Bitcoin-related accounts on the X platform, drawing attention on social media. Gamestop currently holds 4,710 Bitcoins worth approximately $550 million, which is only one-third of the amount the company had planned to purchase since April. Despite this, Cohen's investment approach is seen as lacking enthusiasm and has even been criticized as "worthless" and "not supportive of Bitcoin." Additionally, Cohen has been nicknamed "Rugpull Ryan" to highlight the fact that the company's stock price has dropped 80% from its all-time high. Although Gamestop raised $1.48 billion through a bond sale in April, claiming it would be used to purchase Bitcoin and for company operations, Cohen has only used about one-third of these funds to buy Bitcoin.