Ryan Cohen, Chairman and CEO of the GameStop Videos Retaler (GME), increased his participation in the company following the company’s decision to add Bitcoin (BTC) as a Treasury reserve ratio.
According to a file Thursday at the US Securities and Exchange Commission (SEC), Cohen acquired 500,000 additional shares in class A from the company at $ 21.55 per share, totaling approximately $ 10.78 million.
This purchase increases COHEN’s assets to 37,347,842 shares, which represents around 8.4% of the GAMESTOP actions, according to the deposit.
The purchase of Cohen occurs in the heels of the board of directors of GameStop approving a plan at the end of March to invest part of his cash in Bitcoin. The company also issued $ 1.5 billion in convertible tickets to collect funds for its BTC acquisition plan. This increase in the capital ended earlier this week.
GME shares are slightly up of prior exchanges after falling more than 7% on Thursday while American shares plunged in reaction to President Trump’s pricing announcements.
