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Activist investors’ latest big move: pushing struggling companies to save themselves with crypto

Activist investors have a new obsession: Urging companies to hold (or HODL, as crypto enthusiasts say) Bitcoin on their balance sheets to boost revenue and possibly transform their businesses by betting on the cryptocurrency’s staying power. Last week, Strive Asset Management CEO Matt Cole revealed on X he was pushing GameStop — the beloved meme stock which has struggled to find a sustainable income stream beyond game cartridges — to invest in Bitcoin. Cole believes that, in a decade, every major company in the stock market will follow suit. And...