Shares of GameStop and MicroStrategy popped on Monday on speculation that struggling video game retailers could accept Crypto.
Famous memes stock boss Ryan Cohen Photos have been posted Over the weekend, along with MicroStrategy CEO Michael Saylor, the company is Bitcoin's biggest corporate holder.
GameStop shares rose 7% on Monday, while MicroStrategy shares rose 2%.
GameStop and MicroStrategy did not respond immediately to requests for comment.
Flailing video game retailers previously flirted with crypto projects. 2023, GameStop Cryptocurrency wallet removed From the market due to “regulatory uncertainty.”
Digital Asset Wallets allowed users to send, store, receive and use cryptocurrency and inappropriate tokens.
Cohen, founder of online dog food cellar Chutie, joined the board of directors as he bought stocks at GameStop in 2020 and swept in 2021 at Reddit Wallstreetbets Meme Stock Frenzy.
Cohen was trying to turn Gamestop's brick and mortar business around, but retailers continue to struggle.
The stock remains extremely volatile, influenced by Roaring Kitty, the investor behind the 2020 Gamestop Trading Mania.
Saylor, who founded MicroStrategy as a software and high-tech consulting company in 1989, pocketed more than $350 million from its stock sales last year. He changed his name to Strategy last week.
The company has raised billions of dollars over the past year through stock or convertible bond sales to buy more Bitcoin.
The company holds approximately $47 billion worth of Bitcoin on its balance sheet, or about 2.5% of its total supply.
