Tesla’s stock wipeout, Intel’s rally, GameStop’s Bitcoin play: Markets news
Shares of GameStop (GME) jumped over 8% Monday afternoon on speculation that the brick-and-mortar company may invest in Bitcoin.
Over the weekend, the video game retailer’s CEO, Ryan Cohen, shared a photo of himself with Michael Saylor, co-founder of Strategy (MSTR) (formerly MicroStrategy) and the largest corporate holder of Bitcoin. GameStop was trading at $26 per share on Monday.