Increase Gamestop shares after reports of possible plans to explore Bitcoin and Crypto Investments
Video game retail and Meme Stock Gamestop are considering investments in Bitcoin and other cryptocurrencies, according to the CNBC report.
In the aftermath, Gamestop shares increased by up to 20 % in trading after working hours. Since then, the arrow has been cooled and traded by 7 %.
Meme’s share has been an approximate start for this year. Gamestop has decreased about 15 % since the beginning of 2025.
Gamestop’s encryption aspirations
Gamestop evaluates potential investments in alternative assets categories, especially encryption and bitcoin.
However, the company has not made a final decision yet, as discussions are still ongoing on whether these investments are compatible with its business strategy, according to the report, quoting the sources.
This news follows a post on social media at the end of last week by CEO Ryan Cohen, who participated with Michael Sailor, former Chairman of the Microstrategy – the largest company holder in Bitcoin.
Despite speculation, the sources indicated that Silor does not participate in the Gamestop discussions.
Gamestop has been involved in the encryption space before. In 2022, the encryption governor was launched for the management of cryptocurrencies and NFTS, only to close the service in 2023, noting “organizational uncertainty.”
The company also launched the NFT market, which was eventually closed in January 2024, due to similar organizational concerns.
If Gamestop decides to invest in Bitcoin, it will follow a path similar to Microstrategy, which turned from a software company to the main Bitcoin.
While this step fed fluctuations, it also contributed to a significant growth in the value of Microstrategy.
Gamestop under Cohen
In 2021, Gamestop became the phenomenon of the phenomenon of the M -stock, as retailers gathered at the Reddit’s Wallstreeetbets Forum to inflate his share price and implement short pressure that led to the collapse of the Melvin Cepital Ended.
Ryan Cohen, co -founder of Chewy, began investing in Gamestop in 2020 and joined the Board of Directors in 2021 at the height of the shares of shares.
His background in e -commerce led to optimism that it could convert retail from bricks and mortar shells to compete in the digital age.
However, the company continues to face challenges in adapting to consumer spending habits between the players.
Despite these struggles, Gamestop shares are still very volatile and speculative, with constant support from retailers, partially driven by the effect of Meme “Roaring Kitty”.
Under Cohen’s leadership, Gamestop has focused on reducing costs and operational efficiency to ensure profitability amid growth in slow revenue.
As of November 2023, the company received a cash reserve of $ 4.6 billion, according to the securities report.
This money was used in many investments, in line with a new investment policy approved by the Gamestop Council in December 2023.
This policy, along with two independent board members, allows the company to manage the company’s stock portfolio as part of the specified instructions. Any deviation requires either the approval of a committee unanimously or the majority vote from the full council.
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