Odaily Planet Daily News: People familiar with the matter revealed that game retailer GameStop is considering investing in Bitcoin and other cryptocurrencies. At present, the company is still evaluating whether this decision is in line with its business strategy and has not made a final decision. Affected by this news, GameStop's stock price rose 20% in after-hours trading.
Last weekend, the company's CEO Ryan Cohen posted a photo with MicroStrategy Chairman Michael Saylor on the X platform. But sources said Saylor did not participate in GameStop's crypto investment discussions. GameStop launched a crypto wallet in 2022, but closed it in 2023 due to regulatory uncertainty. The company currently has $4.6 billion in cash reserves and has approved a new investment policy to provide financial support for potential investments.