The sources say that Gamestop is considering investing in Bitcoin, and the other encryption

Video game fragmentation has turned into a meme Gamestop Think about investing in Bitcoin and other cryptocurrencies, according to sources familiar with the matter.

Three sources said that Gamestop explores investments in the chapters of alternative assets, including Crypto and Bitcoin in particular. Gamestop shares increased by up to 20 % in the stretch trading after the news.

Retail stores can decide not to follow investments. The company is still knowing if this is logical for Gamestop, according to one source.

Last week, CEO Ryan Cohen Publish a picture on the social networking site X with Michael SilorCo -founder and Chairman of the Board MicrostrategyThe largest holder of the company from Bitcoin. However, Silor does not participate in Gamestop’s discussion about encryption investments at this time, two sources said.

In 2022, Gamestop launched the encryption portfolios that allow users to manage encrypted symbols and coding symbols. However, the company closed the service in 2023, noting “organizational uncertainty.”

Cohen, co -founder of Chewy, bought contributing to Gamestop in 2020 and joined the council in 2021 where Gamestop became one of the main MEME shares in the trading obsession. His experience in e -commerce fueled hopes to help modernize the retail trader and mortar shells, but the company is still struggling to adapt to spending habits by the players.

Under Cohen’s leadership, Gamestop focused on reducing costs and simplifying operations to ensure that the work is profitable although it does not grow. As of November 2, the company raised a $ 4.6 billion cash stack and was using these funds for investments, according to the provision of securities secretaries in December.

Companies that are considering adding bitcoin to their public budget will follow in the footsteps Microstrategy. This company, which was recently renamed to the strategy, has bought billions of dollars in Bitcoin in recent years, which has effectively turned from the software stocks to the Bitcoin Holding vehicle.

The decision helped to fuel it quickly, if it is volatile, in the high strategy shares.

In December 2023, the Gamestop Board approved a new “investment policy”. Cohen, in addition to two independent board members and other necessary employees, allows to manage the Gamestop portfolio of securities investments. These investments must be compatible with policy guidelines, or are approved by the committee by voting unanimously or the full council through major votes.