Chief Executive Ryan Cohen posted a picture with former MicroStrategy Inc. CEO Michael Saylor on social media over the weekend. The post sparked speculation on social media that videogame retailer and original meme stock GameStop may be planning a strategy around bitcoin GameStop has not yet responded to a request for comment.

Shares of GameStop (GME) have jumped 7% higher after company CEO Ryan Cohen posted a photo online of him and Strategy (MSTR) Chairman Michael

GameStop offered its own cryptocurrency wallet years ago but axed the feature in late 2023 over "regulatory uncertainty in the crypto space.”

GameStop ( NYSE: GME) stock soared nearly 10% on Monday amid online chatter that the video game retailer may be weighing a strategy around bitcoin ( BTC-USD ), sparked by its CEO Ryan Cohen posting a photo with Strategy ( MSTR) co-founder Michael Saylor.

Shares of GameStop and MicroStrategy each rose Monday morning after a picture of executives from the companies was posted to social media over the weekend.