GameStop’s Ryan Cohen Hints at Bitcoin Investment, Could Spark Altcoin Rally
On Monday, GameStop CEO Ryan Cohen posted a pic with MicroStrategy’s Michael Saylor. Many saw where this was going, and they were right – insiders say GameStop plans to take a page from MicroStrategy’s book and invest in Bitcoin ($BTC). GME shares spiked over 20% on the back of the rumors, hitting $31 before falling […]
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In a significant move for the video game retail giant, GameStop announced on Tuesday that its board has unanimously approved a plan to use corporate cash reserves to invest in the crypto market’s largest cryptocurrency, Bitcoin (BTC). This decision mirrors a strategy made by the now Bitcoin proxy company Strategy (previously Microstrategy) by MicroStrategy, which has made headlines for its substantial Bitcoin acquisitions led by its co-founder Michael Saylor. With $4.8 Billion In Cash, GameStop Eyes Bitcoin Expansion Following the announcement, GameStop’s stock surged more than 6%....
In a move that has reignited ongoing speculation within the Bitcoin community, GameStop CEO Ryan Cohen met with Strategy (formerly MicroStrategy) Executive Chairman Michael Saylor on Saturday. Cohen subsequently shared a photo on X depicting him alongside Saylor—without providing any additional context. The post once again sparked rumors that GameStop could be contemplating a Bitcoin […]
Over 6,000 GameStop locations once graced the planet. A little more than half that number remain. CEO Ryan Cohen has been on a herculean quest to reverse the company’s fortunes, even as brick-and-mortar retailers suffer. The whole ‘online’ thing is working against him, but Cohen has one thing in his favor: a big pile of […]
The Mad Money host proposed that the company's brick-and-mortar shops could become "crypto-information palaces" in which gamers could buy and sell cryptocurrencies. With GameStop's stock more than doubling in price over the last two days, CNBC’s Jim Cramer is proposing the brick-and-mortar company change its business model to be more inclusive of cryptocurrencies. Speaking on CNBC’s Squawk Box today, the Mad Money host suggested that he had a plan to "justify the stock price" of GameStop. At the time of publication, the price of GME is $131.17 — an increase of more than 175% in the last 24....
Steve Cohen has previously been vocal about his skepticism with crypto. The billionaire has recently made a couple of moves that has deepened his investment in the market. Steve Cohen, who owns the New York Mets, is a hedge fund manager with a net worth of around 11.1 billion. Talking in a discussion moderated by […]