GameStop shares soar 12% after retailer says it will invest corporate cash in bitcoin like MicroStrategy
Video game retailer GameStop announced Tuesday its board has unanimously approved a plan to buy bitcoin with its corporate cash, echoing a move made famous by MicroStrategy. The meme stock jumped 11.7% Wednesday following the news. The announcement confirmed CNBC’s reporting in February of GameStop’s intention to add bitcoin and other cryptocurrencies to its balance sheet. […]