GameStop Stock Rises. Why This Social-Media Post Is Fueling Bitcoin Speculation. -- Barrons.com

Dow Jones

10 Feb

By George Glover

GameStop stock was rising on Monday after a social-media post by CEO Ryan Cohen sparked ideas that the videogame retailer might be planning a Bitcoin initiative.

Shares, which trade under the ticker GME, were up 3% to $25.48 in premarket trading. Futures tracking the benchmark S&P 500 index climbed 0.5%.

The gains came after GameStop chairman and CEO Ryan Cohen posted a picture of himself with Strategy co-founder Michael Saylor on X.

Cohen didn't explain why he met with Saylor, and GameStop didn't immediately respond to a request for comment from Barron's. But it is probably fair enough to assume the two discussed Bitcoin, given that Saylor's company, known as MicroStrategy until it was rebranded last week, is the world's biggest institutional holder of the cryptocurrency, with a position worth about $50 billion.

GameStop is best known for a surge in its stock price in early 2021, when retail investors piled in, forcing traders who had bet the shares would fall to buy in order to close out those bets. The rally was among the first of the so-called meme-stock frenzy.

Returns have been so-so since then. The stock was down 21% so far in 2025 as of the close of trading on Friday.

Write to George Glover at george.glover@dowjones.com

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

February 10, 2025 08:55 ET (13:55 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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Why This Social-Media Post Is Fueling Bitcoin Speculation. -- Barrons.com","media":"Dow Jones","content":"<html><body><font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  By George Glover \n</p>\n<p>\n  GameStop stock was rising on Monday after a social-media post by CEO Ryan Cohen sparked ideas that the videogame retailer might be planning a Bitcoin initiative. \n</p>\n<p>\n     Shares, which trade under the ticker GME, were up 3% to $25.48 in premarket trading. Futures tracking the benchmark S&P 500 index climbed 0.5%. \n</p>\n<p>\n     The gains came after GameStop chairman and CEO Ryan Cohen posted a picture of himself with <a href=\"https://laohu8.com/S/MSTR\">Strategy</a> co-founder Michael Saylor on X. \n</p>\n<p>\n     Cohen didn't explain why he met with Saylor, and GameStop didn't immediately respond to a request for comment from Barron's. But it is probably fair enough to assume the two discussed Bitcoin, given that Saylor's company, known as MicroStrategy until it was rebranded last week, is the world's biggest institutional holder of the cryptocurrency, with a position worth about $50 billion. \n</p>\n<p>\n     GameStop is best known for a surge in its stock price in early 2021, when retail investors piled in, forcing traders who had bet the shares would fall to buy in order to close out those bets. The rally was among the first of the so-called meme-stock frenzy. \n</p>\n<p>\n     Returns have been so-so since then. The stock was down 21% so far in 2025 as of the close of trading on Friday. \n</p>\n<p>\n     Write to George Glover at george.glover@dowjones.com \n</p>\n<p>\n     This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 10, 2025 08:55 ET (13:55 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones & Company, Inc.\n</p>\n</font></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta content=\"text/html; charset=utf-8\" http-equiv=\"Content-Type\"/>\n<meta content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\" name=\"viewport\"/>\n<meta content=\"telephone=no,email=no,address=no\" name=\"format-detection\"/>\n<title>GameStop Stock Rises. 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Why This Social-Media Post Is Fueling Bitcoin Speculation. -- Barrons.com\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\">\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-02-10 21:55</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  By George Glover \n</p>\n<p>\n  GameStop stock was rising on Monday after a social-media post by CEO Ryan Cohen sparked ideas that the videogame retailer might be planning a Bitcoin initiative. \n</p>\n<p>\n     Shares, which trade under the ticker GME, were up 3% to $25.48 in premarket trading. 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The stock was down 21% so far in 2025 as of the close of trading on Friday. \n</p>\n<p>\n     Write to George Glover at george.glover@dowjones.com \n</p>\n<p>\n     This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 10, 2025 08:55 ET (13:55 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones & Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"03439","symbol_name":"嘉实比特币","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2510857074","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2510857074","pubTimestamp":1739195700,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"GameStop stock was rising on Monday after a social-media post by CEO Ryan Cohen sparked ideas that the videogame retailer might be planning a Bitcoin initiative.Shares, which trade under the ticker GME, were up 3% to $25.48 in premarket trading. 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But it is probably fair enough to assume the two discussed Bitcoin, given that Saylor's company, known as MicroStrategy until it was rebranded last week, is the world's biggest institutional holder of the cryptocurrency, with a position worth about $50 billion.GameStop is best known for a surge in its stock price in early 2021, when retail investors piled in, forcing traders who had bet the shares would fall to buy in order to close out","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"03439":"嘉实比特币","BK4577":"网络游戏","BK4588":"碎股","BK4076":"电脑与电子产品零售","GME":"游戏驿站","MSTR":"Strategy","BK4547":"WSB热门概念","09439":"嘉实比特币-U","POST":"Post Holdings","BK4596":"哈里斯概念","BK4600":"加密货币概念","03008":"博时比特币","BK4516":"特朗普概念","BK4023":"应用软件","09008":"博时比特币-U","BK4212":"包装食品与肉类","03042":"华夏比特币","BK4585":"ETF&股票定投概念","STRK":"MICROSTRATEGY 8.00% SERIES A PERPETUAL STRIKE PFD","BK4595":"比特币概念","09042":"华夏比特币-U"},"translate_title":"游戏驿站股价上涨。为什么这篇社交媒体帖子引发了比特币的猜测。——Barrons.com","themeId":"a95603c6f92e7d4268a10c29819bf002","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"03042":1,"03439":1,"09008":1,"09042":1,"09439":1,"03008":1,"POST":1,"GME":1,"MSTR":0.9,"STRK":0.6},"content_text":"By George Glover \n\n\n  GameStop stock was rising on Monday after a social-media post by CEO Ryan Cohen sparked ideas that the videogame retailer might be planning a Bitcoin initiative. \n\n\n     Shares, which trade under the ticker GME, were up 3% to $25.48 in premarket trading. Futures tracking the benchmark S&P 500 index climbed 0.5%. \n\n\n     The gains came after GameStop chairman and CEO Ryan Cohen posted a picture of himself with Strategy co-founder Michael Saylor on X. \n\n\n     Cohen didn't explain why he met with Saylor, and GameStop didn't immediately respond to a request for comment from Barron's. But it is probably fair enough to assume the two discussed Bitcoin, given that Saylor's company, known as MicroStrategy until it was rebranded last week, is the world's biggest institutional holder of the cryptocurrency, with a position worth about $50 billion. \n\n\n     GameStop is best known for a surge in its stock price in early 2021, when retail investors piled in, forcing traders who had bet the shares would fall to buy in order to close out those bets. The rally was among the first of the so-called meme-stock frenzy. \n\n\n     Returns have been so-so since then. The stock was down 21% so far in 2025 as of the close of trading on Friday. \n\n\n     Write to George Glover at george.glover@dowjones.com \n\n\n     This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal. \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 10, 2025 08:55 ET (13:55 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0}}}