Hi {{first_name}} ,

Edwin here, still buzzing from last night’s late-night Spaces call on X. Ryan Cohen dropped a rare Wall Street Journal interview that confirms everything we’ve been tracking for years (hint: TEDDY). Add in the Fed chair news, the AI explosion, and current development update of TMC platform at 80% completion – this is one of those moments where the puzzle pieces snap together loud enough for everyone to hear.

Let’s dive in.

Quick tip: this newsletter reads best on our website. Just sign-in with your email to access.

🎯 Missed the Spaces call? Here’s the recording: https://x.com/edwinbarnesc/status/2017115222394491358?s=20

Ryan Cohen rarely speaks. When he does, it’s calculated, and this Wall Street Journal interview that dropped yesterday is one of those rare moments where he laid out the blueprint in plain sight.

GameStop is sitting on $9 billion in cash right now. Ryan’s explicit plan: deploy that war chest on acquisitions. Not one big splash, but multiple targeted buys of companies with “sleepy management” that he can turn around. These are deep-value plays he already has in his sights, the kind that can rapidly accelerate GameStop toward a $100 billion market cap.

That $100 billion isn’t just a nice round number. It’s the exact threshold tied to the Executive Chairman’s compensation package, valued at $35 billion if he delivers a $100 billion company with $10 billion in EBITDA. He’s laid out the stepping stones clearly:

He even told the Journal this acquisition strategy: "It’s ultimately either going to be genius or totally, totally foolish.” Given his Chewy track record, Dr. Michael Burry’s public endorsement of the transformation thesis, and the fact that Ryan never telegraphs his full hand, I’m betting heavy on genius.

This isn’t just about buying companies. It’s about building a modern American Keiretsu, a tightly aligned ecosystem of businesses sharing resources and goals, mirroring what Elon Musk has done across Tesla, SpaceX, xAI, and X (news of super merger for SpaceX and $TSLA).

Take it from Doctor Burry, he’s signaling $GME and $TSLA back-to-back. The American keiretsu is the path towards multiple MEGA CORP(s), and that includes $DJT.

The parallels are unmistakable: massive compensation tied to massive value creation through a horizontally and vertically integrated MEGA CORP structure, except its $GME for Teddy.com and it starts like a bookstore, pre-2000s Amazon.

The headline potential value of ~$35 billion is widely reported and stems from bottom-up valuation at the target market cap. Quantitative breakdown (using verifiable public data as of grant announcement):

Ryan has the cash, the vision, and the track (record) to make it happen. And he’s moving faster than most realize.

Big news dropped right as I was going live on spaces: Kevin Warsh is set to be the next Federal Reserve chair. Reports say he accepted the role Thursday night, and President Trump just confirmed it this morning.

Why does this matter so much? Warsh is hawkish, meaning he likes tighter control on monetary policy and historically favors higher rates for longer. But he is also pro-Bitcoin and deeply connected in tech circles, he knows silicon valley venture capitalist Marc Andreessen of a16z personally.

Pair that stance with the rate cuts already in motion, and we get the exact liquidity boom I have been hammering in the newsletter for months (check out last post). Lower rates plus a Fed chair who understands digital assets and innovation? That is rocket fuel for risk assets, especially the transformation plays we follow.

Here is the quick breakdown:

I have been saying this setup would unlock the next leg for GameStop, the meme basket, and everything tied to the MEGA CORP and American keiretsu thesis. Warsh at the helm will turn this into reality.

Nothing can stop the liquidity from coming. 🌊

GameStop board member Larry Cheng just dropped a tease that lit up my feed: he has begun using Amazon’s AI model Claude for coding. Yes, the same Claude model I rely on for nearly all my TMC development work, and more.

This is not some distant future talk. Larry has been using it for the last 5 days, and he’s early to the AI boom (you can be too). Claude is the best AI model all-around, but it’s superpowers come from being granted access to tools.

Tools like Clawdbot (rebranded: Moltbot and now as Openclaw) are giving us a real glimpse of AGI—artificial general intelligence—in action, where AI agents handle full workflows on its own. Think generating PowerPoints, drafting emails, scheduling projects, planning vacations, or even balancing budgets without constant hand-holding or checking-in.

We are watching the rise of agentic AI that works for everyday people and businesses alike. It is creating tangible value right now (contrary to what Burry claims), boosting productivity in ways that will flow straight into companies like GameStop that are positioned to ride this wave if they equip their personnel with these powerful AI tools to be 10-100x more productive.

Here is what stands out:

I have been saying AI is the real engine behind this cycle, not a bubble. Larry's update just proved it from inside the GameStop boardroom.

Quick update on what I’m building behind the scenes.

The core platform is now over 85% complete. I rebuilt the architecture multiple times for the user experience and to stay ahead of AI changes. The NFT ecosystem and smart contract tools are coming together.

Big focus right now: security. AI hacking is a real threat with smart contracts getting breached, wallets getting drained, and hodler communities disrupted. I am monitoring the development ecosystem very closely, so I’m pacing deployment carefully. Plan is to launch with outstanding user experience first with safety as priority, then layer in monetization.

Likely path: start fast on Solana blockchain (developer-friendly), then migrate to Ethereum with ZK Stark proofs created by Starkware for bulletproof security (Starkware powers the Immutable blockchain and is GameStop’s partner).

Goal remains unchanged for TMC: one or two clicks to launch your digital business and start pulling in customers. Hard deadline is July 4, 2026. I’m way ahead but I am not wasting time.

I’ve been cooking in the dungeon for months.

TMC Platform at 85% completion. Business factory. NFT ecosystem. Tokenomics. Yes, it’s all coming together as I envisioned.

Few challenges: onboarding users and smart contract integration. I’ve ironed out remaining issues and already testing deployment. As for smart contract, I detailed my reasons for holding off in the latest Spaces call.

Hopefully, not for long.

Ryan Cohen building a GameStop keiretsu with billions to spend.

Kevin Warsh unlocking liquidity.

Agentic AI rewriting productivity.

TMC platform getting ready to let anyone build their dream business.

These are not separate stories. They are the same rocket at different stages of ignition.

Jump over to my X @edwinbarnesc right now – the full spaces recording is pinned, and I’m posting fresh connections daily (mostly on Discord). If you’re not already getting these newsletters direct to your inbox, remember it’s always available on the website: https://teddymegacorp.beehiiv.com/

Let’s keep this rocket soaring together.

Very best,
Edwin

Here’s what I’ve been tracking: