GameStop Stock Price Pumps After Report of Bitcoin Buying Plans

The ultimate meme shares are given a new question of question after the word of the potential importance of the company in Bitcoin.

Gamestop’s share price distributed after hours on Thursday and rose from around $ 26 to a peak of almost $ 31, after a CNBC Report that claims that the retailer of video games is considering investing in Bitcoin and other cryptocurrencies. The story does not quote further sources close to the company.

GME finished the trading day at around $ 26.30 and currently acts for about $ 28.50 after hours.

Decrypt Gamestop reached commentary on the report, but did not receive a response immediately.

The retailer previously took a strong step in the web3 world with the launch of an NFT marketplace and associated crypto wallet. The company was tailored to gaming network, unchanging and other industrial partners, with plans to support the trade of Tokenized in-game assets, together with profile photos and other digital collecting objects.

But the company closed its NFT marketplace at the beginning of 2024, with reference to ‘regulatory uncertainty’. As the CNBC The report is accurate, then Gamestop can reconsider his crypto-scents after the inauguration of President Donald Trump, who ran on a pro-Crypto platform and has promised to help the industry in the United States.

The move comes even after the rise of the strategy (formerly micro strategy), the software company with the largest business Bitcoin portfolio in the world, worth more than $ 46 billion within his treasury.

Strategy began to hoard the leading cryptocurrency in 2020 and was justified when Bitcoin rose above $ 100,000 for the first time in the late 2024. The company continued to buy Bitcoin and has inspired a growing list of other companies that place the “digital gold” on their balance sheets.

Gamestop CEO Ryan Cohen posted a photo With MicroStrategy co-founder and executive chairman Michael Saylor last week, which means that rumors will be fed on Thursday before the new report on Thursday.

Gamestop is of course best known in recent years because he is a leading ‘meme shares’, with influencers of social media and streamers (such as Keith ‘Roaring Kitty’ Gill) who stimulates a huge price dump for GME in 2021. Times in 2024 to pump the price of the Retailer shares again, although it has usually been quiet again in recent months.