GameStop-Themed Cryptos Soar After Vivek Ramaswamy Co-Founded Firm's CEO Urges Bitcoin Investment: Graduate From Being 'Meme Stock' To Sector Leader
1. GME's price may rise with Bitcoin treasury adoption. Strive Asset Management urged GME to invest. 2. GameStop Coin surged 363% after the Bitcoin proposal. Ethereum-based GameStop increased by 8%. 3. Matt Cole's public letter highlighted GameStop's potential market transformation. This relates to their $5 billion cash reserves. 4. Cohen's acknowledgment of the proposal raises investor optimism. Ongoing speculation ties GameStop’s future to crypto trends. 5. Investing in meme coins is speculative, impacting perceived GME value. Social media plays a significant role.