GameStop Explores Bitcoin & Crypto Investments to Boost Business Strategy 🚀
Sources reveal that GameStop is evaluating the potential of investing in Bitcoin and other cryptocurrencies as part of its strategic business review, signaling a possible move into the crypto space.
Benzinga
377 views • Feb 15, 2025
About this video
Sources said GameStop is considering investing in bitcoin and other cryptocurrencies. The company is evaluating whether crypto investments align with its business strategy. CEO Ryan Cohen recently posted a photo with MicroStrategy's Michael Saylor, though sources say Saylor is not involved in GameStop's discussions. Under Cohen, the retailer has cut costs and streamlined operations, accumulating over $4 billion in cash for investments. Shares rose 20% in extended trading after the news.
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Views
377
Duration
0:30
Published
Feb 15, 2025
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