The meme stock that has been the hottest in the US stock market for a long time.$GameStop (GME.US)$The stock price surged nearly 10% on Monday, mainly due to rampant speculation on social networks that this video game retailer might be considering an investment strategy around Bitcoin (BTC-USD). Market speculation about GameStop potentially buying Bitcoin originated from a photo posted by GameStop CEO Ryan Cohen with.$Strategy (MSTR.US)$co-founder Michael Saylor.

Strategy was formerly a company called MicroStrategy, a SaaS software company and currently the largest corporate holder of Bitcoin, the largest cryptocurrency, while co-founder Saylor has always promoted the appreciation advantages of holding this leading crypto asset as value storage.

Strategy has the titles of 'Big Holder of Bitcoin' and 'Bitcoin Shadow Stocks', as the company holds over 40 billion USD worth of Bitcoin, undoubtedly making it a major holder.

Strategy has followed the 2024 Bitcoin bull market with a surge in stock price due to holding a large amount of Bitcoin. The company's stock price has soared 50% since Trump was elected in November, with an astonishing annual increase of 360% in 2024. Currently, Strategy's total market cap has reached 83 billion USD, far exceeding the market value of the Bitcoin it holds, making it the globally fastest growing 'Bitcoin Concept Stock'.

Four years ago, co-founder Saylor made a decision to lead this small software manufacturer, which had been hovering on the edge of bankruptcy for years, down a different "wilderness survival path"—betting on the appreciation of Bitcoin's value. Under his leadership, Strategy has accumulated Bitcoin worth up to tens of billions of USD over the past four years. It has been proven that Saylor's bet was correct, as Bitcoin rose from about 0.01 million USD to 0.1 million USD within four years, a tenfold increase.

It is understood that some retail investors who have been conducting high-frequency trading around GameStop for a long time stated on X that Ryan Cohen posted this photo with Saylor over the weekend, but noted that neither Saylor nor Cohen provided any textual explanation or details about the meeting.

Nonetheless, this photo is enough to spark massive retail investors' speculation that GameStop might be considering a new strategy, especially after the company ended its support for cryptocurrencies and NFT wallets over a year ago, with the main reason being "regulatory uncertainty".

The well-known Wall Street investment firm Bernstein recently released a report predicting that the price of Bitcoin, the largest cryptocurrency by market cap, will continue the "super bull market curve" this year, forecasting a return to triple-digit gains by 2025, referring to 2025 as the "Infinity Age" in the cryptocurrency field characterized by Bitcoin's continued surge and declaring that Bitcoin will reach the historic benchmark of 0.2 million dollars in 2025.

Editor/ping