PANews reported on February 14 that according to CNBC, game retailer GameStop is exploring the possibility of investing in Bitcoin (BTC) and other crypto assets. Sources said the company is evaluating whether this investment strategy is suitable for its business.

Influenced by this news, GameStop's stock price rose 20% in after-hours trading. However, the company has not yet made a final decision on whether to implement the plan.

Last weekend, GameStop CEO Ryan Cohen posted a photo with MicroStrategy co-founder Michael Saylor on the X platform. Although Saylor did not participate in GameStop's crypto investment discussions, MicroStrategy has purchased billions of dollars in BTC in recent years and has become a major corporate holder.

GameStop launched a crypto wallet business in 2022, but closed it in 2023 due to regulatory uncertainty. The company currently holds $4.6 billion in cash reserves and approved a new investment policy at the end of 2023, allowing management to invest in securities assets that meet the guidelines.