GameStop Stock Surges Over 8% in Pre-Market Trading On Friday On Reports Of Cryptocurrency Investments - GameStop (NYSE:GME)
1. GameStop is considering investments in Bitcoin, boosting shares by 20%. 2. Insiders indicate a strategic assessment of crypto investments is ongoing. 3. Previous crypto wallet service was discontinued due to regulatory concerns. 4. GameStop had $4.6 billion cash reserves for potential investments. 5. CEO Ryan Cohen's relationships in crypto fuel speculation on diversification.