Gamestop, retail shares that turned into video games, It is said Explore investments in Bitcoin and other encrypted currencies, according to sources familiar with the matter. The company evaluates alternative assets categories with a strong focus on encryption, however, no final decision has been made yet.
The report Sparks is an increase in Gamestop shares
The news sparked an increase in Gamestop shares with a 20 % increase in post -hours trading. While the company still evaluates the strategic suitability of such an investment, the social media activity has sparked the speculative director Ryan Cohen.
At the end of last week, Cohen posted a picture on X, which shows him standing next to Michael Sailor, co -founder and head of Microstrategy, the company’s largest car holder in Bitcoin. However, the sources say that Silor does not participate in Crypto’s game discussions.
This will not be the first invasion of the company in the area of digital assets. In 2022, an encryption wallet was launched supporting cryptocurrencies and NFTS, but the imaginary organizational position on encryption was forced to stop it in 2023. Cohen, who has gained importance as co -founder of CheWy, directed Gamestop towards cost reduction and simplification of operations.
As of November 2023, Gamestop kept $ 4.6 billion of cash reserves, which were published in various investments. The company’s board of directors ’decision in the month of December extended the Cohen authority on investment strategies, which allows the members of the selected board of directors to oversee the company’s stock portfolio.
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