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GameStop Shares Soar 9% After CEO Ryan Cohen Posts Photo With Michael Saylor Amid Bitcoin Speculation

1. GameStop shares rose 9.6% after CEO Ryan Cohen's post with Michael Saylor. 2. Cohen's image sparked speculation about GameStop's future in cryptocurrency. 3. Shares are still down 16% this month, despite recent gains. 4. GameStop previously ventured into cryptocurrency with a now-closed wallet. 5. MicroStrategy also continues to see stock growth, up 15% this year.

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FAQ

Why Bullish?

Increased interest in cryptocurrencies can boost GameStop's investment appeal, much like past surges.

How important is it?

The potential pivot into cryptocurrencies may reinvigorate investor interest, albeit short-lived.

Why Short Term?

Immediate awareness of crypto strategies can lead to quick market reactions, observable through previous spikes.

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