Gamestop’s shares increased by 7.7 % in pre -market trading due to reports that a video game retail and a favorite Meme community is preferred Consider investing in Bitcoin. The company had $ 4.6 billion as of November 2024.
Sources say Gamestop is considering investing in Bitcoin and other cryptocurrencies https://t.co/wfiyPr0jb6
CNBC (CNBC) February 13, 2025
Speculation about Gamestop’s possible participation began with Bitcoin last week after that Gamestop Ryan Cohen CEO met with Strategy CEO Michael SailorBitcoin advocate.
New: Michael Sailor met with the CEO of Gamestop Ryan Cohen last night 👀 #Bitcoin pic.twitter.com/yksdxbnj7
Bitcoin (PitcoinMagazine) Magazine February 8, 2025
According to a report From CNBC, Gamestop evaluates investments in alternative chapters, including Bitcoin. However, CNBC sources said that Silor is not part of the company’s discussions about investment in Bitcoin.
If Gamestop is investing in Bitcoin, this will not be the first time for the company to participate in the encryption space and Blockchain. The company launched the NFT market in 2022, although it was closed in early 2024 after not gaining a lot of traction.
The axis to Bitcoin can provide a big boost
Gamestop comes to explore a possible investment in Bitcoin Central The increasing attention to Bitcoin Among institutional investors, companies and even governments.
The strategy, which has accumulated a huge hideout of 478,740 BTC since it started adding Bitcoin to its reserves in August 2020, The shares increased by 322 % Last year. Bitcoin holders of the third and second companies are the Mara Holdings and RIOT platforms, which are both bitcoin mining companies.
Metaplanet, a Japan -based company, has adopted a similar approach to Microstrategy. The company started obtaining Bitcoin in April 2024, and Its stocks increase by 3840 % Last year.
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GME is expected to see 104 % profit in 2025
The Gamestop Prices on Coincodex predicts that GME will see great fluctuations in 2025. GME is expected to reach $ 53.8 this year, which will be a 104 % increase compared to the current price of the share. However, the prediction is also expected to shorten GME for a short period of $ 20 by the end of 2025.
