GameStop offered its own cryptocurrency wallet years ago but axed the feature in late 2023 over "regulatory uncertainty in the crypto space.”

Chief Executive Ryan Cohen posted a picture with former MicroStrategy Inc. CEO Michael Saylor on social media over the weekend. The post sparked speculation on social media that videogame retailer and original meme stock GameStop may be planning a strategy around bitcoin GameStop has not yet responded to a request for comment.

Shares of GameStop and MicroStrategy were on the rise Monday after Ryan Cohen, CEO of the video game retailer, posted a photo with Michael Saylor, co-founder and chairman of the largest corporate holder of bitcoin.

Shares of GameStop (GME) have jumped 7% higher after company CEO Ryan Cohen posted a photo online of him and Strategy (MSTR) Chairman Michael

Cryptocurrencies themed on video game retailer GameStop Corp. (NYSE:GME) were up in the green Monday, buoyed by interest in CEO Ryan Cohen’s picture with Strategy co-founder Michael Saylor.

Shares in the video game retailer and bitcoin holding company rose on Monday as social media users speculated GameStop might be considering a push into bitcoin.

GameStop ( NYSE: GME) stock soared nearly 10% on Monday amid online chatter that the video game retailer may be weighing a strategy around bitcoin ( BTC-USD ), sparked by its CEO Ryan Cohen posting a photo with Strategy ( MSTR) co-founder Michael Saylor.

GameStop shares surged by over 7% on Monday, while Strategy (formerly MicroStrategy) gained 2.6%, after GameStop CEO Ryan Cohen posted a photo with Michael