** Shares of videogame retailer GameStop GME.N rise 4% to $22 in premarket trade
** CEO Ryan Cohen purchases 500,000 shares of GME on Thursday
** Cohen now has a stake of 8.4% in GME as of April 3
** Last month, GME said its board has approved the addition of bitcoin as a treasury reserve asset
** Up to last close, GME has fallen 32% YTD; it jumped 78% last year
(Reporting by Zaheer Kachwala in Bengaluru)
((Zaheer.Kachwala@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.