Strive Capital urges Intuit to adjust its anti-bitcoin, warning AI disruption risk needs BTC hedging
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2025-04-16 05:02 8,098
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According to Golden Finance, Matt Cole, CEO of asset management company Strive, recently sent an open letter to Intuit management after successfully promoting GameStop to allocate Bitcoin, saying that its Mailchimp platform's ban on Bitcoin social accounts violates fiduciary responsibility, and suggested that the company include Bitcoin in its balance sheet to cope with the impact of AI technology.
Cole disclosed in a letter to Intuit CEO and the board of directors that Mailchimp has recently closed the account of the Bitcoin student organization of the University of Southern California without warning. Although it was forced to resume services due to public opinion, it exposed systemic policy bias. It stressed that as the FTC launches a platform discrimination investigation, such reviews may cause legal and goodwill risks. Intuit's core product TurboTax faces the threat of AI automation replacement, and it is recommended to configure Bitcoin as a strategic hedging asset.
After adopting Cole's suggestion, GameStop not only completed the issuance of US$1.5 billion convertible notes, but also replaced US$500 million in cash reserves into Bitcoin, with the stock price rising by 47% in a single week. Intuit has not responded yet, and its stock price has fallen 1.8% before the market.