CEO Ryan Cohen jumped into gamestop shares on Monday after posting a photo with Michael Sayler, co-founder of the strategy to fuel bite-related speculation.
Gamestop shares jumped around 7% on Monday morning, as the firm’s Chief Executive Officer Ryan Cohen shared a picture with Michael Sirer, strategy co-founder (formerly microstrate), as press time on x, gamestop (GME) shares are trading at $ 26.39. Up to 6.7%per data from Google Finance.
There was no information in Cohen’s X post, causing speculation that the gamestop may be looking into something related to bitcoin (BTC) as the strategy trusted investors’ interest after the strategy started its buying and buying. Cohen did not reveal why he met Celller. The gamestop did not make any public statement on the matter at the time of writing.
Gamestop is trying to find positive speed
Back in 2021, the gamestop became a top meme stock when retail traders increased its price, putting pressure on small vendors. Those who placed bets against stock were forced to buy shares to cut their losses. One of the biggest casualties was the Melvin Capital, a hedge fund in which the gamestop was heavily shortened and finished Loss of $ 7 billion,
And yet, despite Monday’s jump, gamestop shares were not doing well recently. Data of Google Finance suggests that GME 2025 has reduced by about 14% so far because investors are uncertain about the company’s future, given that he is working to get away from his traditional video game retail business Used to be.
