Just as video game maker GameStop announced its plans of building a Bitcoin reserve its firms, market analysts are now expecting Japanese giant Nintendo to follow the trail. With more than $14.88 billion in cash in hand, the Japanese video game maker could stir major BTC price moves by adopting Michael Saylor’s Bitcoin playbook.
Will Nintendo Add Bitcoins to Its Balance Sheet?
Popular Bitcoin investor Joe Consorti stated that the Japanese video game giant Nintendo has more than $14.8 billion worth of cash on its balance sheet. Thus, he stated that the gamemaker could enhance its equity performance by adding Bitcoin (BTC) to its balance sheet.
This approach has been quite popular among public-listed firms, who have been adopting Michael Saylor’s Bitcoin playbook. Japanese firm Metaplanet has demonstrated its success by adopting the Bitcoin Strategy, with its stock price shooting 2,300% over the past year.
Consorti pointed out that with the launch of the Nintendo Switch 2 on the hor
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