03-27-2025, 04:03 AM
News Firms without business models ‘buy Bitcoin’ — Angel investor Jason Calaca
<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDMvMDE5NWQyOWEtNTEzOC03MjdiLTlkMDYtMzFkYWQ4ODhhYTJh.jpg"></p><p><p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDMvMDE5NWQyOWEtNTEzOC03MjdiLTlkMDYtMzFkYWQ4ODhhYTJh.jpg" alt="Firms without business models ‘buy Bitcoin’ — Angel investor Jason Calacanis"></p><p>Prominent US-based angel investor Jason Calacanis poked fun at GameStop’s decision to invest in Bitcoin.<p>In a March 26 X post, Calacanis suggested that buying Bitcoin (<a data-ct-non-breakable="null" href="/bitcoin-price" rel="null" target="null" text="null" title="null">BTC</a>) was a solution well-suited for public companies that do not have a suitable business model:</p><blockquote>“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 gonna buy $1T in Bitcoin.”</blockquote><p>Still, Tomas Fanta, principal at crypto investment firm Heartcore, told Cointelegraph that there are tangible long-term benefits to <a data-ct-non-breakable="null" href="https://cointelegraph.com/explained/bitcoin-on-corporate-balance-sheets-whats-the-risk-and-reward" rel="null" target="null" text="null" title="null">holding Bitcoin on a corporate balance sheet</a>. Among those he listed were long-term price appreciation and theoretically lower correlation to equity markets over time.</p><p>“I do disagree with the view, though, that failing companies should be using Bitcoin as the last-ditch strategy,” Fanta said.</p><p><em><strong>Related: </strong></em><a data-ct-non-breakable="null" href="https://cointelegraph.com/news/gamestop-future-bitcoin-purchases-board-approval" rel="null" target="null" text="null" title="null"><em><strong>GameStop hints at future Bitcoin purchases following board approval</strong></em></a></p><figure><img alt="Firms without business models ‘buy Bitcoin’ — Angel investor Jason Calacanis" src="https://s3.cointelegraph.com/uploads/2025-03/0195d29d-9d7f-7560-a835-9b82b0fdb954" title=""><figcaption style="text-align: center;"><p><em>Source: </em><a data-ct-non-breakable="null" href="https://x.com/Jason/status/1904700167413989683" rel="nofollow noopener" target="_blank" text="null" title="https://x.com/Jason/status/1904700167413989683"><em>Jason</em></a></p></figcaption></figure><h2>Is GameStop’s adoption part of a trend?</h2><p>Fanta said that while “one case is not enough to gauge a broader trend,” there does appear to be such a trend:</p><blockquote>“We may actually be witnessing one of the first experiments with corporate treasury diversification into crypto outside of tech or crypto-aligned companies such as Tesla or Coinbase.”</blockquote><p>Saul Rejwan, managing partner at crypto early-stage venture capital firm Masterkey, echoed the sentiment. According to him, companies are increasingly trying to secure themselves against long-term monetary shifts.</p><p>“Bitcoin’s role as a corporate reserve asset is no longer fringe; it’s becoming a legitimate play for companies that want to align themselves with a digitally-native, inflation-resistant financial future,” he said. “While not every company will follow suit, GameStop’s move joins a growing chorus,” Rejwan added.</p><p><em><strong>Related: </strong></em><a data-ct-non-breakable="null" href="https://cointelegraph.com/news/gamestop-bitcoin-buys-would-shake-tradfi-investors-swan-md" rel="null" target="null" text="null" title="null"><em><strong>GameStop buying Bitcoin would ‘bake the noodles’ of TradFi: Swan exec</strong></em></a></p><h2>Adopting Bitcoin is adapting to change</h2><p>Rejwan also noted that historically successful companies often falter when they resist change — citing Nokia as an example — and said adopting Bitcoin could be viewed as a strategic adaptation:</p><blockquote>“When done transparently and with proper risk management, Bitcoin can bring long-term resilience to corporate balance sheets — especially for brands with low time preference and strong alignment with digital-native values.”</blockquote><p>This idea was also repeated by Georgii Verbitskii, founder of crypto investment app TYMIO, who said that GameStop “could well become the example the market is waiting for.” He added:</p><blockquote>“Adding Bitcoin to a corporate balance sheet isn’t just speculative — it has real, long-term upside if executed properly.”</blockquote><p><em><strong>Magazine: </strong></em><a data-ct-non-breakable="null" href="https://cointelegraph.com/magazine/sec-crypto-laws-unclear/" rel="null" target="null" text="null" title="null"><em><strong>SEC’s U-turn on crypto leaves key questions unanswered</strong></em></a></p><template data-name="subscription_form" data-type="crypto_biz" label="Subscription Form: Crypto Biz Newsletter"></template></p>
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https://cointelegraph.com/news/firms-wit...er_inbound
<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDMvMDE5NWQyOWEtNTEzOC03MjdiLTlkMDYtMzFkYWQ4ODhhYTJh.jpg"></p><p><p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDMvMDE5NWQyOWEtNTEzOC03MjdiLTlkMDYtMzFkYWQ4ODhhYTJh.jpg" alt="Firms without business models ‘buy Bitcoin’ — Angel investor Jason Calacanis"></p><p>Prominent US-based angel investor Jason Calacanis poked fun at GameStop’s decision to invest in Bitcoin.<p>In a March 26 X post, Calacanis suggested that buying Bitcoin (<a data-ct-non-breakable="null" href="/bitcoin-price" rel="null" target="null" text="null" title="null">BTC</a>) was a solution well-suited for public companies that do not have a suitable business model:</p><blockquote>“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 gonna buy $1T in Bitcoin.”</blockquote><p>Still, Tomas Fanta, principal at crypto investment firm Heartcore, told Cointelegraph that there are tangible long-term benefits to <a data-ct-non-breakable="null" href="https://cointelegraph.com/explained/bitcoin-on-corporate-balance-sheets-whats-the-risk-and-reward" rel="null" target="null" text="null" title="null">holding Bitcoin on a corporate balance sheet</a>. Among those he listed were long-term price appreciation and theoretically lower correlation to equity markets over time.</p><p>“I do disagree with the view, though, that failing companies should be using Bitcoin as the last-ditch strategy,” Fanta said.</p><p><em><strong>Related: </strong></em><a data-ct-non-breakable="null" href="https://cointelegraph.com/news/gamestop-future-bitcoin-purchases-board-approval" rel="null" target="null" text="null" title="null"><em><strong>GameStop hints at future Bitcoin purchases following board approval</strong></em></a></p><figure><img alt="Firms without business models ‘buy Bitcoin’ — Angel investor Jason Calacanis" src="https://s3.cointelegraph.com/uploads/2025-03/0195d29d-9d7f-7560-a835-9b82b0fdb954" title=""><figcaption style="text-align: center;"><p><em>Source: </em><a data-ct-non-breakable="null" href="https://x.com/Jason/status/1904700167413989683" rel="nofollow noopener" target="_blank" text="null" title="https://x.com/Jason/status/1904700167413989683"><em>Jason</em></a></p></figcaption></figure><h2>Is GameStop’s adoption part of a trend?</h2><p>Fanta said that while “one case is not enough to gauge a broader trend,” there does appear to be such a trend:</p><blockquote>“We may actually be witnessing one of the first experiments with corporate treasury diversification into crypto outside of tech or crypto-aligned companies such as Tesla or Coinbase.”</blockquote><p>Saul Rejwan, managing partner at crypto early-stage venture capital firm Masterkey, echoed the sentiment. According to him, companies are increasingly trying to secure themselves against long-term monetary shifts.</p><p>“Bitcoin’s role as a corporate reserve asset is no longer fringe; it’s becoming a legitimate play for companies that want to align themselves with a digitally-native, inflation-resistant financial future,” he said. “While not every company will follow suit, GameStop’s move joins a growing chorus,” Rejwan added.</p><p><em><strong>Related: </strong></em><a data-ct-non-breakable="null" href="https://cointelegraph.com/news/gamestop-bitcoin-buys-would-shake-tradfi-investors-swan-md" rel="null" target="null" text="null" title="null"><em><strong>GameStop buying Bitcoin would ‘bake the noodles’ of TradFi: Swan exec</strong></em></a></p><h2>Adopting Bitcoin is adapting to change</h2><p>Rejwan also noted that historically successful companies often falter when they resist change — citing Nokia as an example — and said adopting Bitcoin could be viewed as a strategic adaptation:</p><blockquote>“When done transparently and with proper risk management, Bitcoin can bring long-term resilience to corporate balance sheets — especially for brands with low time preference and strong alignment with digital-native values.”</blockquote><p>This idea was also repeated by Georgii Verbitskii, founder of crypto investment app TYMIO, who said that GameStop “could well become the example the market is waiting for.” He added:</p><blockquote>“Adding Bitcoin to a corporate balance sheet isn’t just speculative — it has real, long-term upside if executed properly.”</blockquote><p><em><strong>Magazine: </strong></em><a data-ct-non-breakable="null" href="https://cointelegraph.com/magazine/sec-crypto-laws-unclear/" rel="null" target="null" text="null" title="null"><em><strong>SEC’s U-turn on crypto leaves key questions unanswered</strong></em></a></p><template data-name="subscription_form" data-type="crypto_biz" label="Subscription Form: Crypto Biz Newsletter"></template></p>
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https://cointelegraph.com/news/firms-wit...er_inbound