Summary
- GameStop surged more than 10% intraday amid expectations that it might adopt a Bitcoin purchase strategy.
- It was reported that investor sentiment was strengthened as CEO Ryan Cohen posted a photo with Bitcoin supporter Michael Saylor.
- GameStop's stock price reportedly continued to rise in the over-the-counter market.
GameStop recorded a sharp rise intraday. It is interpreted that investor sentiment has strengthened due to speculation that GameStop might adopt a Bitcoin (BTC) purchase strategy.
On the 10th (local time), GameStop closed at $27.12 on the New York Stock Exchange, up 9.66% from the previous day. In the over-the-counter market, GameStop is also rising an additional 1%.
The background to GameStop's rise is analyzed to be a photo posted by CEO Ryan Cohen on social networks (SNS) last week.
On the 8th, CEO Cohen posted a photo on his X (Twitter) with Michael Saylor, CEO of Strategy. Strategy is known as the company with the largest Bitcoin holdings in the world, and CEO Saylor is also known as an enthusiastic Bitcoin supporter.
After the photo was released, the community began to speculate that GameStop might adopt a Bitcoin purchase strategy similar to Strategy, which seems to have led to the sharp rise in GameStop's stock price.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
