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

Cohen posted a photo of himself with Michael Saylor, the executive chair of the business-software company and cryptocurrency play that recently changed its name to Strategy.

Shares of GameStop and MicroStrategy were on the rise Monday after Ryan Cohen, CEO of the video game retailer, posted a photo with Michael Saylor, co-founder and chairman of the largest corporate holder of bitcoin.