BREAKING: Game Stop ($GME) stock jumps after announcing plans to buy #Bitcoin.

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Doesn't this just prove how irrational people can be? Sure, it's better than a company with no BTC holdings, but if someone cares about a company's Bitcoin stash, why not just buy Bitcoin directly instead?

Its correct, though. The value of a company with a treasury is higher than the value of a company with no treasury. The market found a more accurate price.

Makes sense, I know. But somehow it also doesn't feel right.

Not so much a proxy play here, as you suggest.

If you say so...

Don’t get me wrong, some people will think it is.

They should have done this in 2021 when they started “accepting” it along with DOGE to buy movie tickets.