GameStop, MicroStrategy shares rise, Ryan Cohen posts photo with Michael Saylor \ stacker news ~Stacker

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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.

GameStop, day traders’ favorite meme stock, climbed 3.5% in premarket trading, while MicroStrategy, which recently rebranded into “Strategy,” saw shares rising about 2%. Cohen uploaded the photo over the weekend on X, sparking speculation that GameStop is plotting another strategy around crypto.

https://bitcoinist.com/will-gamestop-buy-bitcoin-cohen-saylor-rumor/

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9 sats \ 0 replies \ @SimpleStacker 10 Feb

yeesh.... what a dumb timeline we live in.

0 sats \ 0 replies \ @Beeteesea 15 Feb

This is actually quite interesting. So far, MicroStrategy has been the only major company aggressively stacking Bitcoin, but if a second one joins, the snowball might start rolling.

The first mover is crucial, but the second is just as important. Once there’s a second company on board, it suddenly becomes more acceptable to join rather than being the lone pioneer. What was once seen as a radical, outlier strategy can quickly gain legitimacy. If GameStop makes the move, who’s next?

0 sats \ 0 replies \ @Longtermwizard 10 Feb

Well, that would be fun