GameStop’s Wild Ride: Are They About to Go Full Crypto? 🚀💰

it probably involves a lot of snacks and video games. 🎮🍕

Remember when they launched their self-custodial wallet back in May 2022? It was like they were saying, “Hey, customers! Manage your crypto and NFTs through your web browsers!” But then, in a plot twist worthy of a soap opera, they shut down the service in August 2023 due to “regulatory uncertainty.” Because nothing says “fun” like a little regulatory drama! 🎭

And just when you thought it couldn’t get any juicier, GameStop CEO Ryan Cohen posted a pic with MicroStrategy’s big cheese, Michael Saylor, on X. You know, the guy who’s basically the king of Bitcoin. But don’t get too excited—two sources confirmed that Saylor isn’t actually part of the GameStop crypto talks. It’s like they’re playing a game of “who’s who” in the crypto world. 🤷‍♀️

Oh, and let’s not forget about the new “investment policy” the board cooked up in December 2023. It’s like a rulebook for managing their securities investments, but with a twist! Cohen and a couple of independent board members get to play with the big toys, as long as they follow the rules or get a thumbs up from the committee. Because nothing says “fun” like a unanimous vote! 🗳️

As of now, the firm is keeping mum on all this speculation. Classic GameStop, right? Always keeping us on the edge of our seats! 🎢

2025-02-14 16:39