Strategy CEO Michael Saylor’s Bitcoin Poll

Strategy CEO Michael Saylor has posted a new poll on the X social media network to gauge how many Bitcoins video game retailer GameStop must purchase to earn community respect.

Almost half of the poll respondents (48.4%) believe that GameStop would need to make a significant move, implying a purchase of over $3 billion in Bitcoin.

Nearly a third of participants (28.7%) would be satisfied with a Tesla-sized Bitcoin buy of $1 billion. Roughly 17% would accept Strategy’s “starter kit” of $250 million. A purchase of $50 million would be seen as “just LARPing,” according to Saylor.

Notably, as of Q4, GameStop had close to $5 billion in cash and equivalents. As reported by U.Today, the struggling video game retailer, best known for its association with meme stock mania in early 2021, announced its intention to include Bitcoin in its treasury reserves on Tuesday.

In response to the announcement, GameStop shares have surged more than 14%. However, some critics argue the move seems desperate and question if the meme-stock phenomenon would actually benefit Bitcoin.

Currently, few companies have embraced corporate Bitcoin adoption, highlighted by Microsoft shareholders recently rejecting a proposal to invest in Bitcoin. Meanwhile, Strategy’s corporate Bitcoin holdings have surpassed 500,000 coins, but some critics contend that the company’s aggressive buying could lead to increased centralization and a diminished appeal for other investors.