Prominent angel investor Jason Calacanis recently made light of GameStop’s decision to invest in Bitcoin.
In a post on March 26, Calacanis remarked that purchasing Bitcoin (BTC) could be a fitting option for public companies struggling to establish a solid business model, saying, “If you’re a public company that can’t figure out a business model, buy Bitcoin! This might actually be great advice if [strategy co-founder Michael Saylor] is going to buy $1 trillion in Bitcoin.”
Despite this, Tomas Fanta, a principal at a crypto investment firm, conveyed that there are worthwhile long-term advantages to incorporating Bitcoin onto a corporate balance sheet. He highlighted potential price appreciation over time and a theoretically reduced correlation to equity markets.
“I don’t agree with the notion that failing companies should resort to Bitcoin as a final strategy,” Fanta added.
Fanta also pointed out that while “one case is not sufficient to evaluate a wider trend,” there seems to be a developing trend as well. He noted, “We may actually be witnessing one of the first experiments with corporate treasury diversification into crypto beyond tech or crypto-focused firms like Tesla or Coinbase.”
Saul Rejwan, managing partner at a crypto venture capital firm, shared this perspective, explaining that businesses are increasingly looking to protect themselves against long-term financial changes. “Bitcoin’s role as a corporate reserve asset is no longer viewed as fringe; it’s becoming a valid option for firms aiming to align with a digitally-oriented, inflation-resistant financial future,” he noted. “While not every organization will adopt this strategy, GameStop’s decision adds to a growing chorus.”
Rejwan further emphasized that companies known for their past successes often stumble when they resist adapting to change — citing Nokia as an example — and suggested that embracing Bitcoin could be a sign of strategic evolution. He asserted, “When managed transparently and with appropriate risk assessment, Bitcoin can enhance the long-term resilience of corporate balance sheets, especially for brands that understand and prioritize digital-native values.”
This sentiment was echoed by Georgii Verbitskii, founder of a crypto investment app, who remarked that GameStop “might just become the example the market has been anticipating.” He elaborated, “Incorporating Bitcoin into a corporate balance sheet isn’t merely speculative — it holds significant, long-term benefits if implemented effectively.”