GameStop (NYSE:GME) 株価情報

GameStop

GameStop Corp is a U.S. multichannel video game, consumer electronics, and services retailer. The company operates across Europe, Canada, Australia, and the United States. GameStop sells new and second-hand video game hardware, physical and digital video game software, and video game accessories, mainly through GameStop, EB Games, and Micromania stores and international e-commerce sites. The majority of sales are from the United States.

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AMCエンターテインメント・ホールディングス（NYSE：AMC）は、株価が過去1年間で88.44％、年初来では18.30％下落し、乱高下の1年を過ごしている。

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メーム銘柄およびゲーム専門店大手GameStop Corporation（NYSE：GME）は2024年に作られるサッカートレーディングカードの1枚として、新たな騒動を巻き起こすもようだ。 

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先週の木曜日、米国株式市場は不透明な結果を見せた。ダウ平均株価は前日比0.8%高の39,134.76ドルで終了し、一方、S&amp;P500指数は前日比0.25%安の5,473.17ドルで取引を終えた。ナスダック指数は0.8%下落し、17,721.59ドルで取引を終えた。

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GameStop shares are trading higher after the company announced plans to pursue a sale of its French and Canadian operations.

<a href="https://x.com/ryancohen/status/1891884823465103698" title="https://x.com/ryancohen/status/1891884823465103698">https://x.com/ryancohen/status/1891884823465103698</a>

Ryan Cohen Posts On X "Email M&A@gamestop.com if you're interested in buying GameStop Canada or Micromania France. High taxes, Liberalism, Socialism, Progressivism, Wokeness and DEI included at no additional cost if you buy today!"

GameStop Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) on Tuesday announced plans to pursue a sale of its <a href="https://www.benzinga.com/pressreleases/25/02/g43777147/gamestop-announces-plan-to-pursue-a-sale-of-french-and-canadian-operations">French and Canadian operations</a>.
What Happened: GameStop on Tuesday announced that it intends to pursue a sale of its operations in France and Canada as part of its evaluation of its international assets. 
The news comes after GameStop shares jumped as much as 20% last week following reports that the company was considering adding Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and other crypto assets to its balance sheet after GameStop&#8217;s Ryan Cohen posted a picture with Strategy&#8217;s Michael Saylor on&nbsp;<a href="https://x.com/ryancohen/status/1888098643732811864" target="_blank" rel="noreferrer noopener">X</a>.
Sources familiar with the matter reportedly said GameStop was in the early stages of figuring out if a crypto investment makes sense for its business and could still decide to not follow through. 
Check This Out: <a href="https://www.benzinga.com/general/gaming/25/02/43715293/gamestop-stock-jumps-on-report-its-considering-bitcoin-crypto-investments">GameStop Stock Jumps On Report It&#8217;s Considering Bitcoin, Crypto Investments</a>
GameStop previously made a push into the crypto space with the launch of wallets that let users manage crypto and non-fungible tokens (NFTs) and also provided access to&nbsp;GameStop&#8217;s NFT marketplace. However, the company closed down the offering in 2023 due to&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/23/08/33511904/gamestop-cites-regulatory-uncertainty-drops-ios-chrome-extension-crypto-wallet-support" target="_blank" rel="noreferrer noopener">"regulatory uncertainty."</a>
When GameStop reported third-quarter financial results in December, the company said that it was&nbsp;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/12/36142175/meme-king-ryan-cohen-now-able-to-trade-stocks-with-gamestop-funds" target="_blank" rel="noreferrer noopener">freeing up Cohen to bet on stocks</a>&nbsp;in order to improve the company's financial standing.
GameStop had $4.62 billion in cash as of the end of the third quarter. The company is due to report fourth-quarter financial results next month. Analysts expect the company to report earnings of 8 cents per share and revenue of $1.48 billion, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
GME Price Action: <a href="http://benzinga.com/quote/gme">GameStop shares</a> were down 0.81% at $26.78 at the time of publication, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/general/market-summary/25/02/43773441/ahead-of-gamestops-bitcoin-purchase-plans-blackrock-morgan-stanley-goldman-sachs-and-other-billion-dollar-funds-load-up-on-gme-stock-in-q4">Ahead Of GameStop&#8217;s Bitcoin Purchase Plans, BlackRock, Morgan Stanley, Goldman Sachs, And Other Billion Dollar Funds Load Up On GME Stock In Q4</a></li>
</ul>
Photo: Shutterstock.

Movers

$BTC

What's Going On With GameStop Stock Tuesday?

GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) ("GameStop" or the "Company") today announced that as part of its evaluation of its international assets, the Company intends to pursue a sale of its operations in France and Canada.

Asset Sales

GameStop Plans to Sell Its France and Canada Operations in Strategic Shift

Big billion-dollar funds increased their stakes in GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) during the fourth quarter of 2024, following a third quarter in which it held $4.616 billion in cash and cash equivalents. This comes as <a href="https://www.benzinga.com/general/gaming/25/02/43715293/gamestop-stock-jumps-on-report-its-considering-bitcoin-crypto-investments">recent reports</a> suggest the video game retailer is planning to buy Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and other cryptocurrencies.
What Happened: GameStop, which has $4.616 billion in cash and cash equivalents, according to its third quarter 10-Q filing was added to the portfolios of many large funds.
<ul>
<li>As of the fourth quarter 13F filings, about 143 million shares of GME valued at $4.5 billion were held by 356 funds.</li>
<li>UBS Group AG increased its stake in the company by 1635% during the fourth quarter.</li>
<li>Ken Griffin&#8216;s Citadel Advisors added 52%, whereas BlackRock just added 8%, valuing its total stake in the company at $1.091 billion</li>
<li>Renaissance Technologies and JPMorgan Chase reduced their stakes by 57% and 56%, respectively.</li>
</ul>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Funds</td>
<td>Holdings (as of Sept. 30)</td>
<td>Holdings (as of Dec. 31)</td>
<td>Change (in %)</td>
<td>Value As Of Dec. 31</td>
</tr>
<tr>
<td>UBS Group AG</td>
<td>183,949</td>
<td>3,190,980</td>
<td>1635%</td>
<td>$100 million</td>
</tr>
<tr>
<td>Citadel Advisors LLC</td>
<td>2,400,543</td>
<td>3,658,769</td>
<td>52%</td>
<td>$114.665 million</td>
</tr>
<tr>
<td>BlackRock Inc</td>
<td>32,241,728</td>
<td>34,821,144</td>
<td>8%</td>
<td>$1.091 billion</td>
</tr>
<tr>
<td>Morgan Stanley</td>
<td>1,272,904</td>
<td>1,626,720</td>
<td>28%</td>
<td>$50.981 million</td>
</tr>
<tr>
<td>Goldman Sachs Group Inc</td>
<td>165,434</td>
<td>196,818</td>
<td>19%</td>
<td>$6.168 million</td>
</tr>
<tr>
<td>Renaissance Technologies LLC</td>
<td>1,896,464</td>
<td>817,848</td>
<td>-57%</td>
<td>$25.631 million</td>
</tr>
<tr>
<td>JPMorgan Chase &amp; Co.</td>
<td>1,548,192</td>
<td>678,433</td>
<td>-56%</td>
<td>$21.262 million</td>
</tr>
</tbody>
</table>
</figure>
See Also: <a href="https://www.benzinga.com/general/market-summary/25/02/43762416/billionaire-ray-dalios-bridgewater-trims-holdings-in-6-of-magnificent-7-stocks-amid-valuation-concerns-adds-this-automotive-stock-after-3-years">Billionaire Ray Dalio&#8217;s Bridgewater Trims Holdings In 6 Of &#8216;Magnificent 7&#8217; Stocks Amid Valuation Concerns, Adds This Automotive Stock After 3 Years</a>
Why It Matters: The chairman and CEO of GME, Ryan Cohen sparked controversy following the Feb. 8 X post where he posed with Strategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), formerly MicroStrategy&#8217;s founder and CEO, Michael Saylor. The following week CNBC <a href="https://www.cnbc.com/2025/02/13/gamestop-is-considering-investing-in-bitcoin-and-other-cryptocurrencies-sources-say.html#:~:text=GameStop%20is%20exploring%20investments%20in,follow%20through%20with%20the%20investments">reported</a> that GameStop is likely to invest in cryptocurrencies.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://t.co/wlOwEGli6n">pic.twitter.com/wlOwEGli6n</a>
&mdash; Ryan Cohen (@ryancohen) <a href="https://twitter.com/ryancohen/status/1888098643732811864?ref_src=twsrc%5Etfw">February 8, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Saylor has positioned Strategy as a treasury or a levered play on Bitcoin as it purchases BTC by issuing 0% convertible debt and preferred shares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STRK#NASDAQ">STRK</a>). GME&#8217;s Cohen is likely to follow in MSTR&#8217;s path and possibly purchase other coins too.
Economist Peter Schiff <a href="https://www.benzinga.com/25/02/43719682/peter-schiff-says-gamestop-has-thrown-a-hail-mary-by-considering-bitcoin-investments-draws-parallels-with-michael-saylors-strategy">criticized GameStop</a>&#8216;s potential Bitcoin investment as a &#8220;Hail Mary&#8221; move by a company lacking a &#8220;viable business plan&#8221;. He argues that Bitcoin is even more overvalued than GameStop stock, and compared the move to Strategy&#8217;s Bitcoin treasury strategy.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">GameStop, a company with no viable business plan, has thrown another Hail Mary by announcing that it might use its cash to buy Bitcoin. The irony is that Bitcoin is even more overpriced than GME. No matter; speculators are buying the stock anyway, hoping it becomes another MSTR.
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1890166114677895302?ref_src=twsrc%5Etfw">February 13, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Price Action: GME rose by 2.62% on Friday and advanced further by 0.26% in the after-hours, whereas the exchange-traded fun tracking Russell 200 index, iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) fell 0.075%.
GME shares have fallen 11.94% on a year-to-date basis, whereas it was up by 100.15% over the last year.
The price target of <a href="https://www.benzinga.com/quote/GME/analyst-ratings">one analyst</a> covering GME, Wedbush, is $10 with an ‘underperform' rating issued on Sept. 11, 2024. The average of three recent rating changes by the same analyst represents a 65.52% downside for the stock.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/quote/GME/analyst-ratings"><img loading="lazy" decoding="async" width="1024" height="361" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/18004351/GME-ANR-1024x361.png" alt="" class="wp-image-785987" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/18004351/GME-ANR-1024x361.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/18004351/GME-ANR-300x106.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/18004351/GME-ANR-768x270.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/18004351/GME-ANR.png 1065w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Read Next:
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/02/43763438/trump-acting-like-a-mafia-don-says-this-economist-as-uncertainty-mounts-businesses-hold-back-in-fear-of-unforeseen-economic-shifts">Trump &#8216;Acting Like A Mafia Don,&#8217; Says This Economist As Uncertainty Mounts, Businesses Hold Back In Fear Of Unforeseen Economic Shifts</a></li>
</ul>
Photo courtesy: Shutterstock

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Ahead Of GameStop's Bitcoin Purchase Plans, BlackRock, Morgan Stanley, Goldman Sachs, And Other Billion Dollar Funds Load Up On GME Stock In Q4

GameStop's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) short percent of float has fallen 5.57% since its last report. The company recently reported that it has 30.33 million shares sold short, which is 8.14% of all regular shares that are available for trading. Based on its trading volume, it would take traders 5.86 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>GameStop Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1739814310_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for GameStop has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing GameStop's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, GameStop's peer group average for short interest as a percentage of float is 2.82%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

How Is The Market Feeling About GameStop?

The week was a rollercoaster ride in the world of cryptocurrencies. From GameStop-themed crypto rallying to a Trump-backed project bolstering Bitcoin and Ethereum, the crypto market was buzzing with activity. Here&#8217;s a quick round-up of the top stories.
GameStop-Themed Crypto Rallies
Cryptocurrencies themed on video game retailer GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) saw a significant surge, thanks to CEO Ryan Cohen&#8217;s picture with Strategy co-founder Michael Saylor. The Ethereum-based GameStop crypto soared nearly 50% in the last 24 hours, with its trading volume surging by 37% to $1.83 million.
<a href="https://www.benzinga.com/trading-ideas/movers/25/02/43614269/gamestop-themed-crypto-rallies-50-after-ryan-cohen-posts-intriguing-photo-with-bitcoin-bull-michael-saylor">Read the full article here.</a>
Trump-Backed Project Bolsters Bitcoin, Ethereum
World Liberty Financial, a cryptocurrency project backed by President Donald Trump, announced a strategic token reserve to support projects like Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>). The reserve aims to mitigate market volatility by diversifying holdings across tokenized assets.
<a href="https://www.benzinga.com/25/02/43646667/trump-backed-world-liberty-financial-unveils-strategic-token-reserve-to-bolster-bitcoin-ethereum">Read the full article here.</a>
Cathie Wood Backs Musk&#8217;s Blockchain Plan
Cathie Wood, the founder of asset management firm Ark Invest, supported Elon Musk&#8217;s idea of putting all U.S. government spending on blockchains for better transparency. Wood hailed the plan as a &#8220;win, win, win&#8221; for transparency, efficiency, and security.
<a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43613058/cathie-wood-says-doge-lead-elon-musks-plan-of-putting-the-treasury-on-blockchain-a-win-win-win-transparency-efficiency-security">Read the full article here.</a>
Meme Coins Could Make a Comeback
Prominent trader Unipcs believes meme coins could be on the verge of a comeback. He argued that the risk/reward ratio favors longs, as the biggest meme coins have already corrected 70-90% from their peaks just months ago.
<a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43734199/millionaire-trader-says-dogecoin-bonk-trump-memes-have-bottomed">Read the full article here.</a>
SEC Considers Dogecoin, XRP ETFs
The Securities and Exchange Commission has acknowledged Grayscale&#8217;s applications for spot Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) and XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>) ETFs. This move signals that the agency is open to considering the proposals, a shift from its previous tendency to dismiss similar applications for alternative cryptocurrencies.
<a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43730035/does-this-sec-decision-mean-dogecoin-xrp-etfs-are-on-their-way">Read the full article here.</a>
Read Next:
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<li><a href="https://www.benzinga.com/25/02/43754366/mark-zuckerberg-follows-elon-musks-footsteps-as-meta-reportedly-plans-major-investment-into-ai-powered-humanoid-robots">Mark Zuckerberg Follows Elon Musk&#8217;s Footsteps As Meta Reportedly Plans Major Investment Into AI-Powered Humanoid Robots</a></li>
</ul>
Photo courtesy: Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/ananya-gairola" target="_blank" rel="noreferrer noopener">Ananya Gairola</a>

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GameStop-Linked Crypto Soars, Trump-Backed Project Bolsters Bitcoin, And More: This Week In Crypto

Markets may be shifting from bad Trump to good Trump as risk sentiment improves, according to Geoffrey Kendrick, head of digital assets research at Standard Chartered. 
In a note sent to Benzinga, he pointed to lower <a href="https://www.benzinga.com/25/02/43605813/oil-prices-energy-stocks-jump-as-gaza-ceasefire-risks-collapse-on-rising-hamas-israel-tensions">oil prices</a>, a potential <a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43671255/will-donald-trump-help-broker-a-peace-deal-in-ukraine-dont-be-so-sure-polymarket-trader-say">Russia-Ukraine peace deal</a>, and a peak in Trump-related <a href="https://www.benzinga.com/startups/25/02/43729940/trumps-tariffs-could-raise-taxes-by-1-trillion-kevin-oleary-calls-it-the-beginning-of-a-negotiation">tariff risks</a> as factors supporting a better environment for digital assets.
What Happened: In his latest research note, Kendrick suggested that Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) should start moving higher, with 102,500 as a near-term price target.
His comments come as Bitcoin is up 1.7 percent on Friday morning Eastern time, while Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) has gained 3 percent over the last 24 hours. Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>) is up 5 percent, while Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) has surged 7.5 percent, though BNB (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/bnb/usd">BNB</a>) is down 4.5 percent.
The market's resilience amid inflation concerns and geopolitical uncertainty is reinforcing long-term optimism in digital assets. 
Inflation remains a sticky wicket, with the Producer Price Index rising 0.4 percent in January, exceeding the 0.3 percent forecast. 
Yet, investors are largely brushing off macroeconomic headwinds, focusing instead on institutional support, ETF momentum, and Bitcoin's ability to hold key levels.
GameStop's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) potential Bitcoin investment, the SEC's acknowledgment of Dogecoin and XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>) ETF filings, and increased institutional adoption all point toward a more <a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43731983/gamestop-buying-bitcoin-is-a-hail-mary-from-a-company-with-no-viable-business-plan-peter-schiff">structured expansion of the crypto market.</a>
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43730035/does-this-sec-decision-mean-dogecoin-xrp-etfs-are-on-their-way">Does This SEC Decision Mean Dogecoin, XRP ETFs Are On Their Way?</a>
What Experts Are Saying: Speaking with Benzinga, Stella Zlatareva, editor at Nexo Dispatch, described the market as playing the long game and noted that Bitcoin's recent strength reflects strategic positioning rather than hype.
&#8220;Confidence and relief won over concerns in the markets,&#8221; Zlatareva said, pointing to institutional support and ETF momentum as key drivers. She added that despite rising inflation, Bitcoin's market structure remains intact, with its historical 200-week moving average acting as a strong technical support..
Kendrick's research note adds to the broader sentiment that, despite near-term macroeconomic concerns, crypto markets are in a phase of recalibration and long-term accumulation. 
The shift in risk sentiment, if sustained, could support further gains, particularly as regulatory developments unfold and market structure strengthens.
Read Next:
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43708655/binance-founder-cz-sidelines-xrp-solana-and-sparks-bnb-chain-meme-coin-frenzy-with-his-dog-broccoli">Binance Founder CZ Sidelines XRP, Solana And Sparks BNB Chain Meme Coin Frenzy With His Dog &#8216;Broccoli&#8217;</a></li>
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Image created using artificial intelligence with Midjourney.

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$SOL

'Bad Trump To Good Trump' Means Bitcoin Could Go To $102,500, Standard Chartered Says

GameStop Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) shares are trading higher on Friday following a report suggesting that the company is considering investing in Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) along <a href="https://www.benzinga.com//node/43727179">with other cryptocurrencies</a>.
The Details: According to <a href="https://www.cnbc.com/2025/02/13/gamestop-is-considering-investing-in-bitcoin-and-other-cryptocurrencies-sources-say.html">CNBC</a>, citing sources familiar with the matter, the company is struggling to decide if the investment in cryptocurrencies makes sense. The stock surged as much as 20% in after-hours trading on Thursday after the news broke.
GameStop previously launched crypto wallets which let users manage their crypto and nonfungible tokens, but the company shut down the service in 2023 due to &#8220;regulatory uncertainty.&#8221;
To keep the business profitable despite a lack of growth, CEO Ryan Cohen has prioritized reducing expenses and optimizing operations. In a November 2 filing, the company reported having $4.6 billion in cash, which it has been using for investments and could use for a potential cryptocurrency investment.
In December 2023, GameStop revised its policies to give the CEO, two independent board members and necessary staff control over the company&#8217;s securities investments. Under the new policy, investments must adhere to specific guidelines or receive approval through a unanimous committee vote or a majority vote from the full board.
GameStop is not the first company to consider investing in cryptocurrencies. MicroStrategy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) has bought billions of dollars worth of Bitcoin and is currently the largest corporate holder of the cryptocurrency.
Related Link:<a href="https://www.benzinga.com/25/02/43730446/jfrog-analysts-increase-their-forecasts-after-better-than-expected-earnings"> JFrog Analysts Increase Their Forecasts After Better-Than-Expected Earnings</a>
GME Price Action: At the time of writing, GameStop shares are trading 5.58% higher at $27.81, according to data from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.
Image: via Shutterstock

What's Going On With GameStop Shares Friday?

Even as GameStop's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) <a href="https://www.benzinga.com/25/02/43727179/gamestop-stock-surges-over-8-in-pre-market-trading-on-friday-on-reports-of-cryptocurrency-investments">stock surged on reports</a> that the company is considering investing in Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), economist Peter Schiff sees the move as a desperate attempt to stay relevant.
What Happened: Schiff, a long-time Bitcoin critic, <a href="https://x.com/PeterSchiff/status/1890166114677895302">said</a> on Thursday on X that while GameStop has no viable business model, the irony is that Bitcoin itself is even more overpriced than the video game retailer's stock.
GameStop, which has struggled to maintain consistent profitability, saw its shares rise 8.6% in pre-market trading Friday after reports surfaced that the company is exploring Bitcoin and other cryptocurrency investments. 
CNBC reported that GameStop is still evaluating whether such a move aligns with its business strategy, and no final decision has been made. 
Despite the uncertainty, the stock jumped as much as 20% in extended trading as speculators reacted to the news.
The potential shift into crypto comes after years of speculation that the company might integrate digital assets into its strategy. 
In 2022, GameStop launched a crypto wallet for handling cryptocurrencies and NFTs, but the service was discontinued in 2023 due to regulatory concerns. 
Under CEO Ryan Cohen, the company has focused on cost-cutting and optimizing operations to maintain stability. 
According to a December securities filing, GameStop had $4.6 billion in cash reserves as of Nov. 2, funds that Cohen has been leveraging for investments.
Schiff likened GameStop's possible crypto investment to a &#8220;Hail Mary&#8221; play, comparing it to MicroStrategy&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NYSE">MSTR</a>) aggressive Bitcoin strategy led by Michael Saylor. 
According to Schiff, GameStop is a company with &#8220;no viable business plan.&#8221;
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43702814/bitcoin-mining-equipment-seized-at-us-ports-nationwide-report">Bitcoin Mining Equipment Seized At US Ports Nationwide: Report</a>
Why It Matters: While some investors see Bitcoin as a way to hedge against inflation and diversify corporate balance sheets, Schiff dismissed the move as irrational speculation.
Adding to his critique, Schiff used the moment to advocate for silver, calling it &#8220;the new Bitcoin, except with real value.&#8221; 
He <a href="https://x.com/PeterSchiff/status/1890360750117449965">noted</a> that silver had climbed above $33.38, its highest price since October, and urged investors to buy before prices rise further.
GameStop's potential Bitcoin investment remains uncertain, but the stock's volatility highlights the continued influence of crypto speculation on financial markets. 
Whether the company follows through or not, the market reaction signifies how digital assets continue to shape corporate investment strategies.
Read Next: 
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Image: Shutterstock

GameStop Buying Bitcoin Is A 'Hail Mary' From A Company With 'No Viable Business Plan': Peter Schiff

GameStop Corp.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>), the renowned video game retailer is trading 8.6% higher in Friday pre-market amid reports of investments in bitcoin and other cryptocurrencies.
What Happened: GameStop is exploring the possibility of diversifying its investments into alternative asset classes, such as cryptocurrencies, with a particular focus on bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>),<a href="https://www.benzinga.com/general/gaming/25/02/43715293/gamestop-stock-jumps-on-report-its-considering-bitcoin-crypto-investments"> indicated a CNBC report. </a>This news triggered a surge in GameStop&#8217;s shares, which skyrocketed by up to 20% in extended trading.
However, the company may decide against proceeding with these investments as it is still assessing whether such a move aligns with its business strategy, as revealed by an insider.
It&#8217;s noteworthy that GameStop had previously launched crypto wallets in 2022, enabling users to&nbsp;handle their crypto and nonfungible&nbsp;tokens. However, this service was discontinued in 2023 due to &#8220;regulatory uncertainty,&#8221; 
Under the leadership of CEO Ryan Cohen, GameStop has&nbsp;been focusing on cost-cutting&nbsp;and optimizing operations to maintain profitability, even without growth. According to a securities filing in December, the company had a cash reserve of $4.6 billion as of Nov 2, which it has been leveraging for investments.
SEE ALSO: <a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43723477/billionaire-peter-theil-backed-crypto-startup-plasma-raises-20m-to-develop-bitcoin-based-stablecoin-network">Billionaire Peter Thiel-Backed Crypto Startup Plasma Raises $20M To Develop Bitcoin-Based Stablecoin Network</a>
Why It Matters: GameStop&#8217;s potential move into Bitcoin and other cryptocurrencies has been a topic of speculation for years. The company had previously amended its rules on its cash balance to give CEO Cohen control over trading the company&#8217;s cash balance into stocks and cryptocurrencies.
The rumors gained momentum when Cohen posted a photo with the Co-Founder and former CEO of MicroStrategy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) Michael Saylor, a vocal proponent of adding Bitcoin to corporate balance sheets.
This potential move into the crypto space has been viewed by some, such as economist Peter Schiff, as a desperate attempt to gain relevance, <a href="https://www.benzinga.com/25/02/43719682/peter-schiff-says-gamestop-has-thrown-a-hail-mary-by-considering-bitcoin-investments-draws-parallels-with-michael-saylors-strategy">likening it to a &#8220;Hail Mary&#8221; pass</a>. Regardless, if GameStop does decide to proceed with this move, it would be joining a growing list of public companies diversifying into the crypto sector.
READ MORE: <a href="https://www.benzinga.com/general/market-summary/25/02/43688600/exclusive-michael-saylors-mstr-linked-etfs-are-not-for-long-term-investors-say-crypto-experts-they-also-double-the-potential-loss">[Exclusive] Michael Saylor&#8217;s MSTR-Linked ETFs Are &#8216;Not For Long-Term Investors&#8217; Say Crypto Experts: &#8216;…They Also Double The Potential Loss&#8217;</a>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Tech

GameStop Stock Surges Over 8% In Friday Pre-Market: What's Going On?

GameStop shares are trading higher following a CNBC report suggesting that the company is considering investing in Bitcoin and other cryptocurrencies.

GME: 20% &#x7C; <a href="https://www.benzinga.com//node/43714135">GameStop shares are trading higher following a CNBC report suggesting that the company is considering investing in Bitcoin and other cryptocurrencies.</a>
&nbsp;
SERV: -33% &#x7C; <a href="https://www.benzinga.com//node/43725259">Serve Robotics shares are plunging after an amended 13G filing shows NVIDIA holds no stake in the company.</a>
&nbsp;
SOUN: -20% &#x7C; <a href="https://www.benzinga.com//node/43724943">Nvidia Reported It Dissolved Share Stake In Soundhound In 13F</a>

SOUN

Market-Moving News for February 14th

Renowned economist Peter Schiff criticized video game retailer GameStop Corp.&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) potential move to invest in Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) on Thursday, likening it to a desperate attempt to gain relevance.
What Happened: Schiff said the company, which he believed lacked a &#8220;viable&#8221; business plan, had &#8220;thrown another Hail Mary&#8221; by considering adding Bitcoin to its reserves.
&#8220;The&nbsp;irony is that Bitcoin is&nbsp;even more overpriced than GME,&#8221; Schiff&#8217;s X post read. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">GameStop, a company with no viable business plan, has thrown another Hail Mary by announcing that it might use its cash to buy Bitcoin. The irony is that Bitcoin is even more overpriced than GME. No matter; speculators are buying the stock anyway, hoping it becomes another MSTR.
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1890166114677895302?ref_src=twsrc%5Etfw">February 13, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
He compared GameStop&#8217;s plans to Michael Saylor&#8217;s Bitcoin Treasury company Strategy, which has <a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43596456/strategy-acquires-7633-bitcoin-for-742-4-million-boosts-holdings-to-478740-btc">spearheaded corporate Bitcoin adoption</a> in the last few months. &#8220;No matter; speculators are buying the stock anyway, hoping it becomes another MSTR.&#8221;
Schiff has been a vocal critic of MicroStrategy and called it a<a href="https://www.benzinga.com/24/11/42237876/peter-schiff-predicts-microstrategys-bankruptcy-due-to-bitcoin-investment-strategy"> &#8220;great short&#8221;</a> previously. 
See Also:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading"> </a><a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43682382/robinhood-ceo-vlad-tenev-reveals-what-hes-most-excited-about-as-crypto-revenue-skyrockets-8x-stock-surges-15-after-hours">Robinhood CEO Vlad Tenev Reveals What He&#8217;s &#8216;Most Excited&#8217; About As Crypto Revenue Skyrockets 8X, Stock Surges 15% After Hours</a>
Why It Matters: Schiff&#8217;s comments come <a href="https://www.benzinga.com/general/gaming/25/02/43715293/gamestop-stock-jumps-on-report-its-considering-bitcoin-crypto-investments">in the wake of reports</a> that&nbsp;GameStop is mulling adding Bitcoin and other cryptocurrencies to its reserves. The company recently changed its rules on its cash balance, giving CEO Ryan Cohen control over trading the company&#8217;s cash balance into stocks and cryptocurrencies.
The speculations were boosted when <a href="https://www.benzinga.com/trading-ideas/movers/25/02/43614269/gamestop-themed-crypto-rallies-50-after-ryan-cohen-posts-intriguing-photo-with-bitcoin-bull-michael-saylor">Cohen shared a photo with Saylor</a>—an outspoken advocate of including Bitcoin on the balance sheets of companies.
GameStop reported <a href="https://www.benzinga.com/general/gaming/24/12/42425015/gamestop-q3-earnings-revenue-miss-4b-cash-no-more-offerings-planned-in-fiscal-year">a decline in its</a> hardware, software, and collectibles sales revenue in the third quarter.
Price Action: Shares of GameStop soared 7.46% in after-hours trading, after closing 1.35% higher at $26.34 during Thursday&#8217;s trading session, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.&nbsp;
Moreover, meme coins themed on the company rallied in the last 24 hours. BNB Chain (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/bnb/usd">BNB</a>)-based GameStop Coin (GME) was up 440%, while another Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)-based coin ripped 21%. 
It&#8217;s worth noting that these coins aren't directly tied to GameStop but rather seek to capitalize on the hype surrounding the meme stock.
Image via Shutterstock
Read Next:&nbsp;
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</ul>

Gamestop's Potential Bitcoin Move A 'Hail Mary,' Says Peter Schiff —Crypto Themed On Company Rips 440%

Stocks surged today, with the S&amp;P 500 approaching record levels and the Nasdaq 100 posting strong gains. Investors largely shrugged off President Donald Trump&#8217;s <a href="https://www.benzinga.com/government/regulations/25/02/43711974/trump-launches-plan-for-reciprocal-tariffs-sp-500-nears-record-highs-dollar-tumbles-as-investors-cheer-on-late-kickoff">proposed reciprocal tariffs</a>, which remain under review. The S&amp;P 500 gained 1% to close at 6,115.07, while the Nasdaq 100 jumped 1.5% to 19,945.64, signaling bullish sentiment. The Dow Jones Industrial Average finished Thursday up nearly 0.8% at 44,711.43.
These are the top stocks that gained the attention of retail traders and investors throughout the day:
GameStop Corporation&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>)
GameStop shares closed up 1.35% at $26.34, reaching an intraday high of $26.40 and a low of $25.75. The stock remains well below its 52-week high of $64.83 and above its low of $9.95. <a href="https://www.benzinga.com/government/regulations/25/02/43711974/trump-launches-plan-for-reciprocal-tariffs-sp-500-nears-record-highs-dollar-tumbles-as-investors-cheer-on-late-kickoff">Speculation is mounting</a> that GameStop may invest in Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and other cryptocurrencies. CEO Ryan Cohen has been given control over the company&#8217;s cash balance, fueling rumors of potential investments in the crypto sector.
Coinbase Global&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>)
Coinbase surged 8.44% to close at $298.11, with an intraday high of $302.40 and a low of $282.50. The stock is trading below its 52-week high of $349.75 but above its low of $146.14. The company reported strong <a href="https://in.benzinga.com/25/02/43713994/coinbase-q4-earnings-highlights-revenue-beat-consumer-trading-volume-940-billion-company-welcomes-dawn-of-a-new-era-for-crypto">fourth-quarter earnings</a>, highlighting a new era for crypto. Revenue exceeded expectations, driven by significant consumer trading volume. For the fourth quarter, the cryptocurrency trading platform reported a revenue of $2.3 million, which was higher by 88% on a quarter-over-quarter basis.
Palo Alto Networks Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>)
Palo Alto Networks saw a 2.62% increase, closing at $201.88, with a high of $202.41 and a low of $195.35. The stock is below its 52-week high of $207.23 and above its low of $130.04. The company beat <a href="https://www.benzinga.com/news/earnings/25/02/43713036/palo-alto-networks-beats-q2-estimates-on-the-back-of-ai-driven-demand">second-quarter estimates</a> due to AI-driven demand. Revenue and earnings surpassed analyst predictions, with significant growth in next-generation security revenue. Revenue for the period came in at $2.26 billion.
Airbnb, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABNB#NASDAQ">ABNB</a>)
Airbnb shares rose 0.37%, closing at $141.04, with a high of $141.94 and a low of $138.76. The stock is below its 52-week high of $170.1 and above its low of $110.4. The company reported <a href="https://www.benzinga.com/general/travel/25/02/43714300/airbnb-shares-climb-after-q4-revenue-beats-estimates">better-than-expected fourth-quarter revenue</a>, driven by an increase in nights stayed and a modest rise in average daily rates. Airbnb reported quarterly revenue of $2.5 billion which beat the analyst consensus of $2.42 billion.
Tesla Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)
Tesla gained 5.77%, closing at $355.94, with an intraday high of $358.69 and a low of $342.85. The stock is trading below its 52-week high of $488.54 and above its low of $138.80. A meeting between Elon Musk and Indian Prime Minister Narendra Modi focused on <a href="https://www.benzinga.com/25/02/43718656/will-tesla-finally-enter-india-modi-musk-meeting-reportedly-focused-on-tariffs-starlink-licensing-and-spacex-collaboration">potential collaborations</a> and tariff discussions, sparking interest in Tesla&#8217;s potential entry into the Indian market.
Image via Shutterstock
Prepare for the day&#8217;s trading&nbsp;<a href="https://editorial.benzinga.com/wp-admin/Premarket%20Movers%20&amp;%20News">with top premarket movers and news</a>&nbsp;by Benzinga.
Read Next: 
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

COIN

PANW

GameStop, Coinbase, Palo Alto, Airbnb, Tesla: Why These 5 Stocks Are On Investors' Radars Today

GameStop Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) is reportedly considering adding Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and other cryptocurrencies to its balance sheet, a move that would follow several other public companies <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42196217/will-gamestop-amc-follow-microstrategy-rumble-into-bitcoin">into the sector.</a>
What Happened: Speculation that GameStop has considered buying Bitcoin and other cryptocurrencies has risen in recent years. The company changed its rules on its cash balance to give CEO Ryan Cohen control over<a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/12/36142175/meme-king-ryan-cohen-now-able-to-trade-stocks-with-gamestop-funds"> trading the company's cash balance</a> into stocks and cryptocurrencies.
While Cohen has not made a move yet, the company's cash balance has grown. Cohen recently transferred his stake in the company from an LLC to <a href="https://www.benzinga.com/general/gaming/25/01/43342224/ryan-cohen-moves-gamestop-shares-to-personal-name-sparking-speculation-on-next-steps">his personal name</a>, prompting further speculation that a move by the company could be coming.
Sources say GameStop is considering investing in Bitcoin and other cryptocurrencies, <a href="https://www.cnbc.com/2025/02/13/gamestop-is-considering-investing-in-bitcoin-and-other-cryptocurrencies-sources-say.html#:~:text=GameStop%20is%20exploring%20investments%20in,follow%20through%20with%20the%20investments">according </a>to a CNBC report. There is no guarantee that GameStop will invest in cryptocurrency, but this marks one of the strongest indications yet that the company has considered such a move.
Read Also: <a href="https://www.benzinga.com/general/gaming/24/12/42425015/gamestop-q3-earnings-revenue-miss-4b-cash-no-more-offerings-planned-in-fiscal-year">GameStop Q3 Earnings: Revenue Miss, $4B+ Cash, No More Offerings Planned In Fiscal Year</a>
 Why It's Important: GameStop previously launched crypto wallets and a non-fungible token trading platform before shutting down the service in 2023 due to "regulatory uncertainty."
Cohen recently <a href="https://www.benzinga.com/trading-ideas/movers/25/02/43605313/gamestop-stock-is-surging-monday-whats-going-on">posted a photo </a>with MicroStrategy Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) co-founder and chairman Michael Saylor on X recently, prompting further speculation that a crypto move could be coming. MicroStrategy, which is changing its name to Strategy, is the largest corporate holder of Bitcoin.
Sources say Saylor is not involved in GameStop's potential move into cryptocurrency investments. Saylor has previously offered to help companies purchase Bitcoin and recently presented to the Microsoft Board of Directors a shareholder proposal to buy Bitcoin.
Price Action: GameStop stock is up 9.7% to $28.90 in after-hours trading Thursday.
Bitcoin trades at $96,537.04 at the time of writing.
GME Coin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">GME</a>), which is not affiliated with the company, is up 27% to $0.002403 on Thursday, spiking on the report.
Read Next: 
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<li><a href="https://www.benzinga.com/general/gaming/25/01/42924593/gamestop-pr-blitz-incoming-heres-what-public-relations-job-opening-says">GameStop PR Blitz Incoming? Here&#8217;s What Public Relations Job Opening Says</a></li>
</ul>
Photo: Shutterstock

Gaming

$GME

GameStop Stock Jumps On Report It's Considering Bitcoin, Crypto Investments

<a href="https://www.cnbc.com/2025/02/13/gamestop-is-considering-investing-in-bitcoin-and-other-cryptocurrencies-sources-say.html" title="https://www.cnbc.com/2025/02/13/gamestop-is-considering-investing-in-bitcoin-and-other-cryptocurrencies-sources-say.html">https://www.cnbc.com/2025/02/13/gamestop-is-considering-investing-in-bitcoin-and-other-cryptocurrencies-sources-say.html</a>

'GameStop is considering investing in bitcoin and other cryptocurrencies, sources say' - CNBC

Cryptocurrencies themed on video game retailer GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) were up in the green Monday, buoyed by interest in CEO Ryan Cohen&#8217;s picture with Strategy co-founder Michael Saylor.&nbsp;
What happened: Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)-based GameStop soared nearly 50% in the last 24 hours, with its trading volume surging by 37% to $1.83 million, <a href="https://coinmarketcap.com/currencies/gamestop/">according</a> to CoinMarketCap.&nbsp;&nbsp;
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 10:30 p.m. ET)</td>
</tr>
<tr>
<td>GameStop (GME)</td>
<td>+49.52%</td>
<td>$0.0001924</td>
</tr>
<tr>
<td>GmeStop (GME)</td>
<td>+3.54%</td>
<td>$0.001948</td>
</tr>
</tbody>
</table>
</figure>
The rise alleviated some of the coin&#8217;s problems, which had lost more than 33% over the last month.
Similarly, Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)-based GmeStop, with a much lower market capitalization, rose over 3% in the last 24 hours.&nbsp;
It's worth noting that these coins aren&#8217;t directly tied to GameStop but rather seek to capitalize on the hype surrounding the meme stock.
See Also:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading"> </a><a href="https://www.benzinga.com/25/02/43584910/man-who-accidentally-lost-his-775-million-bitcoin-stash-expresses-desire-to-buy-the-landfill-site">Man Whose $775 Million Bitcoin Fortune Lies Buried In A Landfill Now Wants To Buy The Trash Heap</a>
The uptick comes after <a href="https://in.benzinga.com/trading-ideas/movers/25/02/43605313/gamestop-stock-is-surging-monday-whats-going-on">Cohen posted a picture with Saylor</a> on X over the weekend, spurring speculations that the company could be leaning toward Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) investments.
Strategy, formerly known as MicroStrategy, is the largest corporate holder of Bitcoin, and Saylor is known for consistently <a href="https://in.benzinga.com/markets/cryptocurrency/25/02/43583287/michael-saylor-declares-death-to-blue-lines-long-live-green-dots-is-strategys-btc-purchase-streak-about-to-resume">pushing for the asset's adoption</a>.&nbsp;
GameStop has been one of the most popular retail stocks in the last few years, helped by the historic 2021 meme stock craze that saw the stock squeeze higher. Keith Gill, also known as <a href="https://www.benzinga.com/topic/roaring-kitty">&#8220;Roaring Kitty,"</a> has been influencing GameStop price action with cryptic posts on X.
Price Action: Shares of GameStop soared 9.66% to $27.12 during Monday&#8217;s regular session and were up 0.99% in after-hours trading, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>. 
Photo by Igor Faun on Shutterstock
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43581896/analyst-who-nailed-2021-crypto-collapse-now-says-worst-of-bitcoin-could-come-in-next-few-weeks">Analyst Who Nailed 2021 Crypto Collapse Now Says Worst Of Bitcoin Could Come In Next Few Weeks</a></li>
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