Jon Quast

We did talk about strategy.

Yes, it owns 650,000 Bitcoins, so certainly a big player there.

But as you brought up, so many crypto exchanges are now publicly traded, blockchain businesses such as Figure.

There are many companies with Bitcoin treasuries.

There's a lot of more interconnectedness between

let's say, real-world economies and these crypto economies.

It will be interesting to see if there is a crypto winter, so-called crypto winter, as we've had in past cycles.

How much impact will that have on the real-world economy, but vice versa?

How much is the real world, with Robinhood and all these things, all this new retail investment coming in, does that break the past cycles?

It definitely could.

Well, it is a problematic time where Target's trying to find its way.

But there are green shoots in the digital businesses, for sure.

I think that's really important.

If you are looking at Target stock today, if you're an investor or shareholder of Target, you definitely want to see this.

In fact, that's where basically the only green shoots of the business are, in the digital offerings.

Like, Roundel, its retail media business saw double-digit growth.

Target+, this is the marketplace where there's some curated offerings.

Over 50% merchandise value growth.

That's really important.

I know that we hate to bring it up every single segment, but OpenAI, Target has a new thing with OpenAI.