** Shares of video game retailer GameStop GME.N rise ~8% to $28.41 premarket
** CNBC after market on Thursday reported GME is considering investing in bitcoin and other cryptocurrencies, citing people familiar with the matter
** Companies considering adding bitcoin to their balance sheets would follow the lead of Strategy MSTR.O, which rebranded itself earlier this month to emphasize its commitment to the cryptocurrency space
** GME was at the center of 2021's so-called 'meme stock' rally when stock influencer Keith Gill's bullish bets on the company sparked a trading frenzy among mom-and-pop investors
** It has grappled with declining sales in its primary business of selling new and used video game discs due to a shift to digital downloads, game streaming, and e-commerce shopping
** GME did not immediately respond to Reuters' request for comment on the CNBC report
(Reporting by Manya Saini in Bengaluru)
((Manya.Saini@thomsonreuters.com))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.