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.
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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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377
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0:30
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Published
Feb 15, 2025
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