Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 12837
Markets: 99741
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
Market Cap
24h Vol
12837
Cryptocurrencies
60.66%
Bitcoin Share
Crypto Potato 2025-02-14 13:26:34

Could GameStop Go Crypto? Retailer Reportedly Considering Bitcoin Investments

Could GameStop Go Crypto? Retailer Reportedly Considering Bitcoin Investments

GameStop, a video game retailer, and popular meme stock, is reportedly considering investing in Bitcoin and other cryptocurrencies. Three insiders revealed that the company is assessing alternative asset classes, particularly in crypto as the US political landscape shifts in favor of the industry after years of hostility. After the news broke, GameStop’s shares saw a double-digit surge in after-hours trading. However, the company has yet to finalize its decision, and it may ultimately choose not to proceed with the investments. According to CNBC, one source indicated that GameStop is still evaluating whether this move fits within its broader business strategy. The company debuted its self-custodial wallet in May 2022, allowing customers to manage crypto assets and NFTs through their web browsers. Later that year, it expanded its crypto efforts by unveiling an NFT marketplace built on the Ethereum-based Loopring L2 network. However, in August 2023, the company shut down the service, citing concerns over “regulatory uncertainty.” The latest development comes just days after GameStop CEO Ryan Cohen sparked speculation by posting a photo with MicroStrategy chairman and co-founder Michael Saylor on X. MicroStrategy is the biggest corporate holder of Bitcoin. Despite this, two sources confirm that Saylor is not currently part of GameStop’s crypto investment talks. The firm’s board established a new “investment policy” in December 2023 which allowed Cohen, two independent board members, and important personnel to manage the its securities investments. However, all of them must adhere to the policy’s rules or gain approval either by a unanimous committee decision or a majority vote from the full board. The firm has not yet addressed the speculation. The post Could GameStop Go Crypto? Retailer Reportedly Considering Bitcoin Investments appeared first on CryptoPotato .

Most Read News



Cryptohopper
Market Cap
24h Vol
60.66%
Bitcoin Share
710
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.