General view of the Gamestop Store logo in the center of Celn in Germany.
Ying tang | Nurphoto | Getty Images
Video Gamen seller turned to stock meme Gamestop He is considering investing in Bitcoin and other crypto currencies, according to the sources that are familiar with this question.
Gamestop investigates investments in alternative asset classes, including cryptocurrencies, and especially Bitcoin, three sources said. Gamestop sections have increased by as many as 19% in extended trading after news.
The salesman could decide not to follow in investment. The company is still in the process of thinking if it made sense of Gamestop’s job, one source said.
Last weekend, executive director Ryan Cohen Posted a photo on X with Michael Saylorco -founder and president Micro -zonethe largest corporate bearer of bitcoin. However, Saylor is not involved in the discussion of Gamestop -Ao crypto investment at the moment, two sources said.
In 2022, Gamestop launched a crypto banknotes that allow users to manage their cryptocurrencies and non -humble chips. However, the company closed the service in 2023, citing “regulatory uncertainty”.
Cohen, co -founder of Chewy, bought shares in Gamestop in 2020, and joined the Committee of 2021, because Gamestop became one of the key memes in the trade mania. His experience of the e-commerce has encouraged hope that he could help modernize a brick and mortar salesman, but the company is still struggling to adapt to changing spending habits by players.
Under Cohen’s guidance, Gamestop focused on reducing costs and simplification of operations to ensure that business is profitable even though it does not grow. Since November 2, the company has raised a financial crowd of $ 4.6 billion and used these investment funds, according to December.
Companies considering adding bitcoin to the balance sheet would follow the steps Micro -zone. This company, recently renamed the strategy, has bought Bitcoin worth billions of dollars in recent years, effectively transforming from the Bitcoin Holding S
The decision helped quickly, if unstable, increased to the strategy shares.
In December 2023, the Gamestop Committee approved a new “investment policy” that enabled Cohen, plus two independent members of the Committee and other staff, to manage the Gamestop portfolio of investments in securities. Each investment must be in accordance with the guidelines of investment policy or the Committee approved by a unanimous vote or the entire Committee of a majority vote.
