News 
February 14, 2025 
3 min. 
The reports claiming that GameStop is considering a potential investment in Bitcoin caused GameStop’s shares to rise dramatically. In after hours trading, the stock price hiked by 18%. The price was settled at 28.36, representing a 7 percent increase. This development has raised questions regarding GameStop’s possible entry into the cryptocurrency market.
Market Reactions and Speculations
Adding to the excitement, a Solana-based memecoin named GameStop (GME), which has no official affiliation with the company, saw a sharp 45% increase to $0.0027 before stabilizing at $0.0025, as per CoinGecko data. Speculation was further fueled by a cryptic post on X from GameStop CEO Ryan Cohen featuring a photo with Michael Saylor, the executive chairman and co-founder of Strategy. Some took this as a hint that GameStop might be considering adding Bitcoin to its balance sheet.
- More details on BC Game Promo Code
However, CNBC later reported, citing two sources, that Saylor is not involved in any potential GameStop crypto investment plans. This development aligns with a broader trend of corporations integrating Bitcoin into their financial strategies. Recently, Japanese mobile gaming company Gumi acquired $6.6 million worth of Bitcoin, while Metaplanet raised $26.1 million to expand its Bitcoin holdings, which now stand at 1,762 BTC, valued at approximately $170 million.
GameStop’s Crypto History and Meme Stock Legacy
GameStop entered the cryptocurrency market months ago when it launched its digital wallet and an NFT marketplace, but both efforts failed due to regulatory reasons; The wallet was disabled in November 2023, and the NFT marketplace was shut down in January 2024.
The company still rides high in the meme stock phenomenon and thier short squeeze for the year 2021 is arguably the most important of all time. Retail investors managed to unite and increased Gamestop stock by more than a hundred percent within a duration of a month, completely obliterating the hedge funds that shorted the stock. It is still too early to predict whether GameStop will ever make a move into the Bitcoin industry, however, their continued activity in traditional and modern finance certainly fuels speculation over the company’s future decisions.
