Its CEO posted a photo with Micheal Saylor, and GME soared 9.7% in a single day

GameStop CEO met with Bitcoin pioneer Michael Saylor, and GME's stock price rose 9.7%! Looking back at the GameStop short squeeze in 2021, retail investors once shook Wall Street. Now, GameStop CEO Ryan Cohen posted a photo with Michael Saylor, which caused heated discussion in the market: Will GameStop enter the Bitcoin field?

The possibility of GameStop entering cryptocurrency?

After experiencing the glory of 2021, GameStop's stock price has continued to be sluggish in recent years. However, the photo of Ryan Cohen recently released with Michael Saylor quickly ignited market speculation. Have the two sides discussed Bitcoin investment strategies? Is GameStop planning to enter Bitcoin or the broader cryptocurrency market? These questions are unresolved.

Although Cohen himself has not yet responded publicly, the background of GameStop's "retail uprising" and the concept of cryptocurrency "decentralization" make the market look forward to the potential synergy between the two. Affected by this news, GameStop's stock price (GME) closed up 9.7% yesterday to $27.12, temporarily reversing the recent sluggish trend.

GameStop Meme coin with the same name $GME soared by 51%

In addition to GameStop stock, its Meme coin of the same name, $GME, was also stimulated by positive news, with the price soaring 51.01% in 24 hours to $0.0002027, with a market value of $82.3 million. The Meme coin of the same name on the Solana chain also rose, while the Meme coin related to "The Roaring Kitty" has not changed much.

Risk warning: It is unclear whether GameStop will enter the Bitcoin field. Investors should pay attention to the drastic fluctuations in the price of Meme coins and be cautious in investing.

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