GameStop Stock Pops on Report Video Game Seller Is Considering Investing in Bitcoin | Global News Avenue

gameStop(GME) Stocks surged in Thursday’s expansion trading after a report that video game retailers are considering investing in cryptocurrencies such as Bitcoin (btcusd).

The company is considering holding Bitcoin or something else Alternative Asset Class May make sense for its business, CNBC The report said that the unnamed source was cited Thursday. GameStop did not immediately respond to a request for comment.

The report is just a few days after GameStop CEO Ryan Cohen Posted a picture With Strategy Co-founder Michael Saylor himself (Mstr), the largest company holder of Bitcoin, formerly known as MicroStrategy. The move sparks speculation about GameStop’s encryption plan CNBC Saylor reportedly did not participate in GameStop’s deliberation on cryptocurrency investment.

Cohen joined the GameStop board in 2021 and became CEO of video game retailer in 2023 after Chewy (eagle) The co-founder was interested in the company during the company’s period Meme Stock In early 2021, GameStop sharing craze reached record levels.

GameStop shares rose 10% in Thursday’s expansion trading after the news. The stock has nearly doubled its value over the past year.