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Strive CEO Writes to GameStop, Suggests Adding Bitcoin to Company Reserves to Build the "Premier Bitcoin Treasury for the Gaming Industry"

2025.02.26 13:32:16

February 26th - According to Nate Geraci, who is the President of The ETF Store. On February 26th, the CEO of ETF issuer Strive, Matt Cole, wrote a letter to the Chairman and CEO of GameStop, Ryan Cohen, on February 24th. He suggested that GameStop should redirect its nearly $5 billion cash reserve to Bitcoin, thus transforming the company into a "top-tier Bitcoin treasury company in the gaming industry." Cole pointed out that GameStop has significantly reduced operating losses in the past two years and has offset these deficits by using the interest income from cash holdings generated through equity financing. However, the company still faces a core problem: the decline of physical retail as consumer preferences are shifting towards digital game downloads. As an asset management company that holds GameStop shares through an exchange-traded fund, Strive believes that GameStop has an "incredible opportunity" to transform its financial future by becoming a Bitcoin treasury company in the gaming industry. The letter mentioned that GameStop is exploring the purchase of Bitcoin and other cryptocurrencies to address business challenges. But Strive believes that the successful implementation of this strategy is crucial and has provided specific suggestions.
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Jifeng Dai’s NaiveAI Releases First Open-Source Model: AI Participated in 6 Days of 151 Optimization Rounds

Insight Beating AI Express: NaiveAI, founded by Tsinghua University associate professor Dai Jifeng, has released Naive-N0.5-Flash and made its model weights publicly available. The model is modified from Xiaomi’s MiMo-V2.5 Base and open-sourced under the MIT license. NaiveAI retains the original MoE architecture, with key adjustments to the attention mechanism: replacing global attention with sliding window attention and DeepSeek sparse attention, followed by further training on 3.25 trillion tokens. The modified model natively supports a 1 million-token context window, reducing computational overhead when processing ultra-long texts. AI was directly involved in R&D: it handled coding, experiment runs, result analysis, and optimization, while researchers set directions and made key decisions. Taking inference system NaiveRT as an example, the team conducted 151 optimization experiments over 6 days, with 63 rounds adopted. The official announced a maximum inference speed of 2122 tok/s, but the test conditions were special: using 8 GPUs, disabling thinking mode, excluding input processing time, and selecting the best-performing second from 41 requests. Under standard conditions, the official provided a speed of approximately 50 tok/s per user.

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Ansem is quite optimistic about the real recovery of NFTs in this cycle.

Crypto trader Ansem said he is quite optimistic about the true recovery of NFTs in this cycle. Art NFTs may see another rally, but what deserves more attention is the innovation around NFT formats, including AI agents, ownership mechanisms, new issuance methods, and various models of integrating NFTs with on-chain products. He believes that as the broader on-chain asset rotation remains in its early stages, the NFT space may witness more new applications and design explorations going forward.

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The Securities and Futures Commission (SFC) of Hong Kong and the Financial Services and the Treasury Bureau signed a new memorandum of understanding (MoU), extending their regulatory cooperation to cover financial reporting of licensed institutions and funds.

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Today's Crypto Market Fear & Greed Index stands at 74. Major cryptocurrencies have pulled back, while altcoins show mixed price movements.

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As HYPE’s price declined, a whale’s $1.06 million long position was liquidated.

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$HYPE Longs Liquidated as Price Falls; 0x1add Faces $88.50 Liquidation Price

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