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GameStop CEO Cohen Buys $10M of GME Shares Following Bitcoin Acquisition Plan

Ryan Cohen, the chairman and CEO of video retailer GameStop (GME), increased his stake in the company following the firm`s decision to add bitcoin (BTC) as a treasury reserve asset. According to a Thursday filing to the U.S. Securities and Exchange Commission (SEC), Cohen acquired an additional 500,000 shares of the company`s Class A common stock at $21.55 per share, totaling approximately $10.78 million.This purchase elevates Cohen`s total holdings to 37,347,842 shares, representing about 8.4% of GameStop`s outstanding shares, the filing shows. Cohen`s purchase comes on the heels of GameStop`s board approving a plan in late March to invest part of its cash pile in bitcoin. The firm also issued $1.5 billion in convertible notes to raise funds for its BTC acquisition plan. That capital raise closed earlier this week.GME shares are slightly up premarket trading after falling over 7% on Thursday as U.S. stocks plunged in reaction to President Trump`s tariff announcements. CoinOtag

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Expert States Why All XRP Holders Are Early Adopters

Crypto commentator All Things XRP has shared data on the number of XRP holders globally, placing it at approximately 6.23 million. With a global population of around 8.23 billion, this represents only 0.076% of people worldwide holding XRP. The post emphasizes the exclusivity of this group, referring to them as “elite” due to their early adoption of the asset. The tweet compares to historical examples of early adoption leading to significant financial gains. Bitcoin’s price surge from below $10 to over $100,000 is mentioned as an example of how early investors in emerging technologies have benefited. The post also cites companies such as General Electric, which adopted cloud computing early and integrated over 2,000 applications on AWS. ATTENTION XRP HOLDERS There are ~6.23M XRP holders globally. The world population? 8.23 billion. That means only 0.076% of the world holds XRP. You`re not just early—you’re elite. And history rewards the early adopters: Bitcoin under $10 → now $100K+ GE… — All Things XRP (@XRP_investing) April 1, 2025 Similarly, Netflix’s early use of artificial intelligence is highlighted for its role in doubling the company’s profits, while Amazon’s initial focus on selling books in 1994 is noted as the foundation for its dominance in global e-commerce today. The message conveys that vision and conviction in early-stage investments can lead to substantial financial success. The post suggests that being among the 0.076% of XRP holders places individuals in an advantageous position, similar to those who identified and invested in other technological shifts before they became mainstream. The tweet ends by encouraging engagement from fellow XRP holders, asking them to confirm their participation in this “elite circle.” Response and Clarification on Wallet Data A response from another X user, Steven, pointed out a potential issue with the calculation, suggesting that some individuals may hold multiple wallets, which could affect the accuracy of the percentage provided. All Things XRP replied, stating that the figures were based on available data and that there was no way to determine the number of unique holders due to the structure of blockchain wallets. This response highlights a common challenge in cryptocurrency statistics. While blockchain technology provides transparency regarding the number of active wallets, it does not reveal whether multiple wallets belong to a single individual or entity. This means that the actual number of unique XRP holders could be lower than the reported figure if a significant portion of holders maintains multiple wallets. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 XRP Holder Data in the Broader Crypto Landscape The tweet positions XRP holders as being in a unique and potentially advantageous position due to their early adoption. However, it also raises questions about how cryptocurrency ownership is measured and interpreted. Despite uncertainties in determining unique holders, the data presented by All Things XRP suggests that XRP remains a relatively niche asset when compared to global population figures. The broader implications of these statistics are that XRP, like other digital assets, may still have significant room for adoption . Historical examples of early adoption in both cryptocurrencies and major technology companies serve as a reference point for the potential impact of being an early participant in an emerging market. Whether XRP follows a similar trajectory remains to be seen, but the discussion underscores the importance of adoption metrics in evaluating the position of any digital asset in the global financial ecosystem. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Expert States Why All XRP Holders Are Early Adopters appeared first on Times Tabloid . CoinOtag