GameStop stock pops after report company may invest in crypto
GameStop (GME) rose about 10% in after hours trading on Thursday after CNBC reported the video game retailer is exploring investing in cryptocurrencies, including bitcoin (BTC-USD).
CNBC specified the company may not follow through with the investments and is still exploring the option. The stock jumped as much as 20% after the bell before giving back some gains.
A social media post from GameStop CEO Ryan Cohen over the weekend sparked speculation over GameStop’s interest in cryptocurrency. Cohen posted a picture on X with Strategy CEO Michael Saylor early Sunday morning. Saylor has famously hitched his company, formerly known as Microstrategy, to bitcoin as it now holds more than 447,000 bitcoins.
In a release on Feb. 5…
