• 2 days ago
Sources said GameStop is considering investing in bitcoin and other cryptocurrencies. The company is evaluating whether crypto investments align with its business strategy. CEO Ryan Cohen recently posted a photo with MicroStrategy's Michael Saylor, though sources say Saylor is not involved in GameStop's discussions. Under Cohen, the retailer has cut costs and streamlined operations, accumulating over $4 billion in cash for investments. Shares rose 20% in extended trading after the news.
Transcript
00:00It's Benzinga bringing Wall Street to Main Street.
00:02GameStop is considering investing in Bitcoin and other cryptocurrency, sources said.
00:05The company is evaluating whether crypto investments align with its business strategy.
00:09CEO Ryan Cohan recently posted a photo of MicroStrategy's Michael Saylor.
00:13Though sources say Saylor is not involved in GameStop's discussion.
00:16Under Cohan, the retailer has cut costs and streamlined operations,
00:20accumulating over $4 billion in cash for investments.
00:23Shares rose 20% in extended trading after the news.
00:25For all things money, visit Benzinga.com.
00:30you

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