According to ChainCatcher, Jason Calacanis, an early investor in Uber and Robinhood, questions GameStop's Bitcoin reserve strategy, believing it might be just a gimmick without a viable business model.

Jason Calacanis stated: "If you are a publicly traded company that cannot come up with a business model, then buy Bitcoin. If Michael Saylor from Strategy wants to purchase $1 trillion worth of Bitcoin, it might be a good suggestion."

However, Saul Rejwan, managing partner of early-stage crypto venture capital firm Masterkey, believes that Bitcoin's role as a corporate reserve asset is no longer marginalized, and for companies seeking to hedge against inflation, Bitcoin is becoming an option.