GameStop offered its own cryptocurrency wallet years ago but axed the feature in late 2023 over "regulatory uncertainty in the crypto space.”

Chief Executive Ryan Cohen posted a picture with former MicroStrategy Inc. CEO Michael Saylor on social media over the weekend. The post sparked speculation on social media that videogame retailer and original meme stock GameStop may be planning a strategy around bitcoin GameStop has not yet responded to a request for comment.

Key Takeaways Shares of GameStop and MicroStrategy climbed Monday following a social media post over the weekend.GameStop CEO Ryan Cohen posted a picture early Saturday of himself with MicroStrategy cofounder Michael Saylor,

Meme stocks like AMC Entertainment and GameStop get their price spikes from exceptional buying interest. GameStop jumped on Monday, rebounding from the 200-day moving average. Shares rose after  GameStop Chief Executive Officer Ryan Cohen posted a picture of himself with MicroStrategy CEO Michael Saylor.

Shares of GameStop (GME) have jumped 7% higher after company CEO Ryan Cohen posted a photo online of him and Strategy (MSTR) Chairman Michael

Shares in the video game retailer and bitcoin holding company rose on Monday as social media users speculated GameStop might be considering a push into bitcoin.