Chief Executive Ryan Cohen posted a picture with former MicroStrategy Inc. CEO Michael Saylor on social media over the weekend. The post sparked speculation on social media that videogame retailer and original meme stock GameStop may be planning a strategy around bitcoin GameStop has not yet responded to a request for comment.

GameStop offered its own cryptocurrency wallet years ago but axed the feature in late 2023 over "regulatory uncertainty in the crypto space.”

Shares of GameStop (GME) have jumped 7% higher after company CEO Ryan Cohen posted a photo online of him and Strategy (MSTR) Chairman Michael

Shares in the video game retailer and bitcoin holding company rose on Monday as social media users speculated GameStop might be considering a push into bitcoin.

GameStop ( NYSE: GME) stock soared nearly 10% on Monday amid online chatter that the video game retailer may be weighing a strategy around bitcoin ( BTC-USD ), sparked by its CEO Ryan Cohen posting a photo with Strategy ( MSTR) co-founder Michael Saylor.

GameStop stock owned by RC Ventures LLC have been transferred into Ryan Cohen's personal name. A look at what the move could mean.

GameStop's stock rose 10% after CEO Ryan Cohen posted a photo with Strategy's executive chair Michael Saylor, sparking speculation about potential Bitcoin investments, marking the company's largest daily gain since December 2024.

Shares of GameStop and MicroStrategy each rose Monday morning after a picture of executives from the companies was posted to social media over the weekend.