Key Takeaways
- Shares of GameStop and MicroStrategy climbed Monday following a social media post over the weekend.
- GameStop CEO Ryan Cohen posted a picture early Saturday of himself with MicroStrategy cofounder Michael Saylor, sparking speculation over GameStop's potential crypto plans.
- MicroStrategy, which last week rebranded as Strategy, also bought more Bitcoin.
Shares of GameStop (GME) and MicroStrategy (MSTR)—which 澳洲幸运5开奖号码历史查询:last week rebranded as Strategy—climbed Monday after a picture of executive🦂s from the companies was posted to social media over the weekend.
GameStop CEO Ryan Cohen posted a picture early Saturday morning of himself with Michael Saylor, co-founder of Strategy, the largest corporate holder of Bitcoin (BTCUSD).
Cohen joined GameStop's board in 2021 and became CEO of the video game retailer in 2023, after the co-founder of Chewy (CHWY) took an interest in the company during the 澳洲幸运5开奖号码历史查询:meme stock craze that sent GameStop shares to record levels in early 2🍎0൲21.
The🦩 photo of the pair together drew speculation GameStop could be considerin🅠g entering the cryptocurrency space, with over 1,600 responses to the post on X as of Monday. GameStop and Strategy did not immediately respond to a request for comment.
Separately on Monday, a regulatory filing from Strategy revealed the company bought even more bitcoin last week. The company has holdings of 478,740 bitcoin after last week's purchases, worth about $46.4 billion at the cryptocurrency's Monday price just over $97,000.
GameStop sharꦯes jumped nearly 10% Monday, while shares of Strategy added about 2%.
UPDATE—Feb. 10, 2025: This article has been updated to reflect additional information and more recent share price values.