GameStop (GME) is mulling whether to invest in bitcoin (BTC) and other cryptocurrencies, CNBC’s Yun Li and Gabrielle Fonrouge report, citing sources familiar with the matter. One source indicates that GameStop is still deciding whether the investments in alternative asset classes is prudent, the report states. Shares of GameStop are off afterhours highs above $31, still up 11% at $29.22.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GME:
- GameStop jumps 10% to $28.97 after CNBC says may buy bitcoin
- GameStop weighing investments in bitcoin and crypto, CNBC reports
- Are Meme Stocks a Buy Again as AMC Joins GME Rally?
- Here’s One Reason to Hold GameStop Stock, Says Top Investor
- GameStop (GME) Surges After CEO Ryan Cohen Posts Photo with Strategy’s Michael Saylor