GameStop's stock surged 18% in after-hours trading amid speculation that the company may invest in cryptocurrencies, particularly Bitcoin. Reports from CNBC indicated that the company is evaluating the potential benefits of incorporating Bitcoin into its balance sheet. However, there are concerns about whether such a move aligns with the company’s business strategy. Following the speculation, GameStop shares spiked to $31.30 before settling at $28.36, reflecting a 7% gain. Additionally, a Solana-based memecoin named after GameStop experienced a significant rise in value, coinciding with the news. The excitement surrounding GameStop’s potential investment in crypto arises after its CEO Ryan Cohen recently engaged with Bitcoin advocate Michael Saylor. Despite the speculation, sources have clarified that Saylor is not directly involved in GameStop’s plans for cryptocurrency. As more companies are adding cryptocurrencies like Bitcoin to their assets, GameStop’s considerations reflect a broader trend in the market.

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