GameStop's Stock Soars 10% After CEO Ryan Cohen's Social-Media Post Sparks Bitcoin Chatter

Dow Jones

11 Feb

Shares of GameStop Corp. are up 10% Monday after Chief Executive Ryan Cohen posted a picture of himself with Michael Saylor, the executive chair of Strategy Inc., on social media over the weekend.

GameStop's stock is on pace for its biggest daily percentage gain since Dec. 11, 2024, when it rose 7.6%.

The post sparked speculation on social media that videogame retailer and original meme stock GameStop $(GME)$ may be planning a strategy around bitcoin (BTCUSD).

GameStop has not yet responded to a request for comment.

Saylor, the co-founder and executive chair of Strategy - the business-software company and cryptocurrency play that earlier this month changed its name from MicroStrategy $(MSTR.AU)$ - is a prominent figure in cryptocurrency. The company said last week that it is almost halfway through its plan to buy $42 billion worth of bitcoin.

Strategy shares are up 2%.

Cohen, the founder and former CEO of online pet-supplies retailer Chewy Inc. $(CHWY)$, was named GameStop's CEO in September 2023. In December 2023, GameStop's board of directors approved a new investment policy permitting the company to invest in equity securities, among other things. The board gave Cohen the authority to manage the investment portfolio.

Shares of GameStop, like those of AMC Entertainment Holdings Inc. $(AMC)$, skyrocketed in 2021 during the meme-stock frenzy.

GameStop shares have risen 79.2% in the last 12 months, outpacing the S&P 500's SPX gain of 20.6%. Strategy shares are up 365.8% over the same period.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

1
2
3
4
5
6
7
8
9
10

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers HK | Online Trading in stocks, bonds & ETFS","description":"Discover Tiger Brokers HK, an online trading platform for stocks&ETFs, options&futures, bonds and crypto. Open an account to enjoy low commission trading today!","keywords":"tiger trading,tiger security,tiger broker hk,tigers co ltd,tiger trade hk,tiger brokers hk,stock broker,securities broker,online brokerage,hong kong broker,hk broker,online stock trading,online trading platform,stock trading platforms,trading application,stock trading,stock trading hong kong,buying stocks in hong kong,tiger brokers","social":{"ogDescription":"Discover Tiger Brokers HK, an online trading platform for stocks&ETFs, options&futures, bonds and crypto. Open an account to enjoy low commission trading today!","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.tigerhkgo.com/news/2510982848"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"HKG","license":"TBHK","edition":"fundamental"},"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2510982848\",edition:\"fundamental\",,,undefined,":{"share":"https://ttm.financial/m/news/2510982848?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-02-11 07:39","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2510982848","market":"hk","top_or_hot":-1,"title":"GameStop's Stock Soars 10% After CEO Ryan Cohen's Social-Media Post Sparks Bitcoin Chatter","media":"Dow Jones","content":"<html><head></head><body><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/c5dc7a088ef4a9c60e1a32375134365d\" tg-height=\"719\" tg-width=\"576\"/></p><p>Shares of GameStop Corp. are up 10% Monday after Chief Executive Ryan Cohen posted a picture of himself with Michael Saylor, the executive chair of Strategy Inc., on social media over the weekend.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/507cde561a016b5f24cac2e30667c7af\" tg-height=\"825\" tg-width=\"810\"/></p><p>GameStop's stock is on pace for its biggest daily percentage gain since Dec. 11, 2024, when it rose 7.6%.</p><p>The post sparked speculation on social media that videogame retailer and original meme stock GameStop <a href=\"https://laohu8.com/S/GME\">$(GME)$</a> may be planning a strategy around bitcoin (BTCUSD).</p><p>GameStop has not yet responded to a request for comment.</p><p>Saylor, the co-founder and executive chair of Strategy - the business-software company and cryptocurrency play that earlier this month changed its name from MicroStrategy <a href=\"https://laohu8.com/S/MSTR.AU\">$(MSTR.AU)$</a> - is a prominent figure in cryptocurrency. The company said last week that it is almost halfway through its plan to buy $42 billion worth of bitcoin.</p><p>Strategy shares are up 2%.</p><p>Cohen, the founder and former CEO of online pet-supplies retailer Chewy Inc. <a href=\"https://laohu8.com/S/CHWY\">$(CHWY)$</a>, was named GameStop's CEO in September 2023. In December 2023, GameStop's board of directors approved a new investment policy permitting the company to invest in equity securities, among other things. The board gave Cohen the authority to manage the investment portfolio.</p><p>Shares of GameStop, like those of AMC Entertainment Holdings Inc. <a href=\"https://laohu8.com/S/AMC\">$(AMC)$</a>, skyrocketed in 2021 during the meme-stock frenzy.</p><p>GameStop shares have risen 79.2% in the last 12 months, outpacing the S&P 500's SPX gain of 20.6%. Strategy shares are up 365.8% over the same period.</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta content=\"text/html; charset=utf-8\" http-equiv=\"Content-Type\"/>\n<meta content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\" name=\"viewport\"/>\n<meta content=\"telephone=no,email=no,address=no\" name=\"format-detection\"/>\n<title>GameStop's Stock Soars 10% After CEO Ryan Cohen's Social-Media Post Sparks Bitcoin Chatter</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGameStop's Stock Soars 10% After CEO Ryan Cohen's Social-Media Post Sparks Bitcoin Chatter\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\">\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-02-11 07:39</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/c5dc7a088ef4a9c60e1a32375134365d\" tg-height=\"719\" tg-width=\"576\"/></p><p>Shares of GameStop Corp. are up 10% Monday after Chief Executive Ryan Cohen posted a picture of himself with Michael Saylor, the executive chair of Strategy Inc., on social media over the weekend.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/507cde561a016b5f24cac2e30667c7af\" tg-height=\"825\" tg-width=\"810\"/></p><p>GameStop's stock is on pace for its biggest daily percentage gain since Dec. 11, 2024, when it rose 7.6%.</p><p>The post sparked speculation on social media that videogame retailer and original meme stock GameStop <a href=\"https://laohu8.com/S/GME\">$(GME)$</a> may be planning a strategy around bitcoin (BTCUSD).</p><p>GameStop has not yet responded to a request for comment.</p><p>Saylor, the co-founder and executive chair of Strategy - the business-software company and cryptocurrency play that earlier this month changed its name from MicroStrategy <a href=\"https://laohu8.com/S/MSTR.AU\">$(MSTR.AU)$</a> - is a prominent figure in cryptocurrency. The company said last week that it is almost halfway through its plan to buy $42 billion worth of bitcoin.</p><p>Strategy shares are up 2%.</p><p>Cohen, the founder and former CEO of online pet-supplies retailer Chewy Inc. <a href=\"https://laohu8.com/S/CHWY\">$(CHWY)$</a>, was named GameStop's CEO in September 2023. In December 2023, GameStop's board of directors approved a new investment policy permitting the company to invest in equity securities, among other things. The board gave Cohen the authority to manage the investment portfolio.</p><p>Shares of GameStop, like those of AMC Entertainment Holdings Inc. <a href=\"https://laohu8.com/S/AMC\">$(AMC)$</a>, skyrocketed in 2021 during the meme-stock frenzy.</p><p>GameStop shares have risen 79.2% in the last 12 months, outpacing the S&P 500's SPX gain of 20.6%. Strategy shares are up 365.8% over the same period.</p>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1941712264.USD","symbol_name":"ALLIANZ PET AND ANIMAL WELLBEING \"A\" (USD) INC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2510982848","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2510982848","pubTimestamp":1739230741,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Shares of GameStop Corp. are up 10% Monday after Chief Executive Ryan Cohen posted a picture of himself with Michael Saylor, the executive chair of Strategy Inc., on social media over the weekend.Game","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1941712264.USD":"ALLIANZ PET AND ANIMAL WELLBEING \"A\" (USD) INC","BK4108":"电影和娱乐","BK4577":"网络游戏","BK4585":"ETF&股票定投概念","BK4547":"WSB热门概念","BK4076":"电脑与电子产品零售","BK4600":"加密货币概念","LU1941712348.USD":"ALLIANZ PET AND ANIMAL WELLBEING \"AT\" (USD) ACC","BK4588":"碎股","BK4595":"比特币概念","BK4596":"哈里斯概念","BK4516":"特朗普概念","GME":"游戏驿站","BK4200":"专卖店","BK4023":"应用软件","MSTR":"Strategy","BK4122":"互联网与直销零售","BK4548":"巴美列捷福持仓"},"translate_title":"首席执行官Ryan Cohen的社交媒体帖子引发比特币热议后，游戏驿站股价飙升10%","themeId":"a95603c6f92e7d4268a10c29819bf002","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MSTR":1.1,"GME":1.1},"content_text":"Shares of GameStop Corp. are up 10% Monday after Chief Executive Ryan Cohen posted a picture of himself with Michael Saylor, the executive chair of Strategy Inc., on social media over the weekend.GameStop's stock is on pace for its biggest daily percentage gain since Dec. 11, 2024, when it rose 7.6%.The post sparked speculation on social media that videogame retailer and original meme stock GameStop $(GME)$ may be planning a strategy around bitcoin (BTCUSD).GameStop has not yet responded to a request for comment.Saylor, the co-founder and executive chair of Strategy - the business-software company and cryptocurrency play that earlier this month changed its name from MicroStrategy $(MSTR.AU)$ - is a prominent figure in cryptocurrency. The company said last week that it is almost halfway through its plan to buy $42 billion worth of bitcoin.Strategy shares are up 2%.Cohen, the founder and former CEO of online pet-supplies retailer Chewy Inc. $(CHWY)$, was named GameStop's CEO in September 2023. In December 2023, GameStop's board of directors approved a new investment policy permitting the company to invest in equity securities, among other things. The board gave Cohen the authority to manage the investment portfolio.Shares of GameStop, like those of AMC Entertainment Holdings Inc. $(AMC)$, skyrocketed in 2021 during the meme-stock frenzy.GameStop shares have risen 79.2% in the last 12 months, outpacing the S&P 500's SPX gain of 20.6%. Strategy shares are up 365.8% over the same period.","kind":"highlight","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0}}}