GameStop shares gain 6% amid Bitcoin adoption rumors
Gamesop’s actions jumped on Monday after CEO Ryan Cohen published a photo with the co-founder of the Michael Saylor strategy, fueling speculation linked to Bitcoin.
GameStop The shares jumped almost 7% on Monday morning after the director general of the company Ryan Cohen shared a photo with Michael Saylor, co-founder of Strategy (formerly Microstrategy), on X. At the time of the press, GameStop (GME) shares are negotiated at $ 26.39, up 6.7%, per data from Google Finance.
Cohen’s post X did not contain any information, which leads to speculation that GameStop could study something related to bitcoin (BTC) While the strategy has rekindled the interests of investors after starting its Bitcoin purchase compression. Cohen did not reveal why he met Saylor. Gamestop also made no public statement on the issue at the time of the drafting.
Gamescop trying to find a positive momentum
In 2021, Gamescop became a highest title of the highest when retail merchants increased its price, putting pressure on uncovered sellers. Those who bet against the stock were forced to buy actions to reduce their losses. One of the greatest victims was Melvin Capital, a hedge fund that had shortly short-circuited Gamestop and found himself lose about $ 7 billion.
And yet, despite Monday’s jump, Gamesop’s actions have not been good lately. Google Finance’s data show that GME has dropped almost 14% until now in 2025 when investors remain uncertain about the future of the company since it worked to move away from its business retail sales of traditional video games.
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