GameStop, the video game retailer that became a meme stock sensation in 2021, is reportedly considering adding Bitcoin and other cryptocurrencies to its holdings.
Exploring Crypto Investments
According to CNBC, the company is in the very early stages of exploring this option. A source close to GameStop says the company might ultimately decide against buying any crypto. This news comes after GameStop CEO Ryan Cohen posted a photo with Michael Saylor, the CEO of MicroStrategy, a company known for its significant Bitcoin holdings. This fueled speculation about GameStop’s potential crypto moves.
Past Crypto Efforts
It’s worth noting that GameStop previously launched a cryptocurrency wallet in 2022, but shut it down due to regulatory concerns.
Stock Market Reaction
GameStop’s stock price has seen a slight increase in the past week, possibly related to the crypto rumors.
Disclaimer:
This information is for general knowledge only and is not financial advice. Investing in cryptocurrencies is risky, and you could lose money. Always do your own research before making any investment decisions./p>
