- Analysts predict Nintendo could follow GameStop’s lead and invest its $14.8 billion cash reserves into Bitcoin.
- GameStop’s Bitcoin move boosts its stock, and analysts expect Nintendo to adopt a similar strategy soon.
Nintendo, the Japanese gaming giant, is facing growing speculation that it may follow GameStop’s lead and invest in Bitcoin. As reported by ETHNews, GameStop’s recent decision to build a Bitcoin reserve has triggered a surge in its stock price.
Analysts believe Nintendo could deploy its $14.88 billion in cash reserves into the cryptocurrency market. With increasing institutional interest and the success of companies like Michael Saylor’s Strategy, the stage is set for Nintendo to make a similar move.
Could Nintendo Follow GameStop’s Bitcoin Playbook?
Joe Consorti, a well-known Bitcoin investor, highlighted that Nintendo has over $14.8 billion in cash reserves on its balance sheet, suggesting the company could boost its equity performance by adding Bitcoin to its treasury.
Nintendo has $14.88 billion in cash on hand.
With the launch window of the Switch 2 approaching, now is the time to supercharge its equity performance by adding BTC to its balance sheet.
GameStop just set the precedent for the video game industry. It’s a no-brainer, @Nintendo.
— Joe Consorti
(@JoeConsorti) March 26, 2025
Consorti emphasized that adopting Bitcoin is an attractive option, especially with the upcoming release of the Nintendo Switch 2. He called the move a “no-brainer,” pointing out that several public companies have already adopted Bitcoin with impressive results.
The trend of integrating Bitcoin into corporate strategies has been growing, especially following the lead of firms like Strategy. Metaplanet, a Japanese company, saw its stock rise by 2,300% after embracing Bitcoin.
This has caught the attention of analysts, who see Bitcoin as a potential hedge and growth tool for cash-rich companies like Nintendo. The precedent set by GameStop, which recently announced plans to add Bitcoin to its treasury, may now be a roadmap for others to follow.
GameStop’s Bitcoin Move and Its Impact on the Market
GameStop’s announcement to build a Bitcoin reserve led to an immediate 11.65% surge in its stock price. The retailer plans to raise $1.3 billion through the issuance of convertible notes, which will help fund its Bitcoin acquisition.
Despite financial setbacks, GameStop’s shift toward digital assets has made headlines and sparked significant interest from institutional investors. The market is watching how GameStop’s Bitcoin purchases will affect its future growth.
GameStop’s strategic pivot mirrors the tactics used by Michael Saylor’s Strategy, which invested heavily in Bitcoin in 2020. The company recently acquired an additional $584 million worth of Bitcoin, pushing its total holdings beyond 500,000 BTC.
As noted in our earlier post, this new purchase, which amounted to 6,911 BTC, confirms Saylor’s continued confidence in the cryptocurrency’s long-term potential despite market fluctuations.
While some critics still view GameStop as a meme stock, the broader trend of corporations diversifying into Bitcoin is clear. Joe Consorti’s analysis suggests that Nintendo, with its vast cash reserves, could mirror GameStop’s strategy, further fueling institutional adoption of Bitcoin.
Institutional Interest and the Growing Bitcoin Trend
The increasing institutional interest in Bitcoin cannot be ignored. Firms like Binance and Metaplanet continue to add significant amounts of Bitcoin to their portfolios, signaling a broader acceptance of the cryptocurrency.
Bitcoin’s rising price, nearing $90,000, is another factor contributing to the growing enthusiasm for crypto investments among institutional players. Meanwhile, Vanguard, the investment giant that holds an 8.76% stake in GameStop, may soon gain indirect exposure to Bitcoin through its investment in the retailer.
Despite Vanguard’s public opposition to cryptocurrency, GameStop’s move to incorporate Bitcoin into its treasury could position the firm to benefit from Bitcoin’s potential growth.
As corporate Bitcoin adoption grows, analysts believe that Nintendo could be the next major player to embrace Bitcoin, especially given its strong market position and significant cash reserves.