BUZZ-GameStop jumps on report co considering investing in bitcoin, other cryptocurrencies

Reuters

Feb 14

BUZZ-GameStop jumps on report co considering investing in bitcoin, other cryptocurrencies

** 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))

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19:08</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>BUZZ-GameStop jumps on report co considering investing in bitcoin, other cryptocurrencies </title></head><body><p>** Shares of video game retailer GameStop <span>GME.N</span> rise ~8% to $28.41 premarket </p><p>** CNBC after market on Thursday reported GME is considering investing in bitcoin and other cryptocurrencies, citing people familiar with the matter</p><p>** Companies considering adding bitcoin to their balance sheets would follow the lead of <a href=\"https://laohu8.com/S/MSTR\">Strategy</a> <span>MSTR.O</span>, which <span>rebranded</span> itself earlier this month to emphasize its commitment to the cryptocurrency space </p><p>** GME was at the center of 2021's so-called '<span>meme stock</span>' rally when stock influencer Keith Gill's bullish bets on the company sparked a trading frenzy among mom-and-pop investors </p><p>** It has <span>grappled</span> 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