US EditionGameStop is considering investing in bitcoin and other cryptocurrencies, sources say
- GameStop is considering investing some of its $4.6 billion in liquid assets in Bitcoin and other cryptocurrencies, according to a CNBC report.
- Call volumes in GameStop have increased above 132,000, surpassing the total daily average for the prior 10 sessions after the report was released.
- Shares of GameStop rose as much as 10% to $28.97 following the news, influenced by CEO Ryan Cohen's social media activity.
- Speculation was fueled by a photo posted by CEO Ryan Cohen with Strategy CEO Michael Saylor, who advocates for companies to purchase Bitcoin.
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37 Articles
Stock of the day: GameStop jumps 10% on report it could start investing in crypto
REUTERS/Shannon StapletonGameStop stock jumped 10% after a report said it was considering a cryptocurrency purchase plan.The stock surge follows speculation driven by GameStop CEO Ryan Cohen's social media post with Michael Saylor.GameStop's potential move would align with a trend of companies adding bitcoin to balance sheets.The move: GameStop stock jumped as much as 10% Friday morning to $28.97. The stock is down 8% year-to-date and is 76% bel…
Bitcoin Remains Stable Amid ETF Withdrawals, While GameStop Considers Potential Investment Options
The post Bitcoin Remains Stable Amid ETF Withdrawals, While GameStop Considers Potential Investment Options appeared on BitcoinEthereumNews.com. Bitcoin’s price remains stagnant as investors withdraw significantly from U.S. ETFs, raising questions about market direction. Despite a slight weekly gain, Bitcoin struggles to break the $100,000 barrier, highlighting a challenging market environment amid economic uncertainties. According to Farside In…
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