GameStop Corp: Stock Surge Amid Bitcoin Influence and Social Media Buzz

GameStop Corporation, a specialty retailer known for its electronic game and PC entertainment software stores, has seen its stock price surge recently. The company, listed on the New York Stock Exchange, operates in the Consumer Discretionary sector under the Specialty Retail industry. As of May 20, 2025, GameStop’s close price was $28.05, with a market capitalization of $12.81 billion. Despite a high price-to-earnings ratio of 107.72, the stock has experienced significant volatility, with a 52-week high of $48 and a low of $18.73.

Bitcoin Influence and Social Media Activity

The recent surge in GameStop’s stock is not attributed to the meme stock phenomenon that previously drove its volatility. Instead, the stock has been riding the wave of Bitcoin’s recent performance. On May 23, 2025, GameStop shares saw a notable increase, with the stock rising 10.02% to $30.86. This movement followed social media activity from Roaring Kitty, a prominent figure in the retail investing community. Keith Gill, known as Roaring Kitty, cleared his Twitter bio and unpinned tweets, which has historically influenced retail investor behavior.

Market Performance and Speculation

GameStop’s stock has outperformed major market indices like the S&P 500 and Nasdaq Composite. This performance has sparked speculation about a potential new short squeeze, similar to the events of 2021. Despite a generally weak market environment, meme stocks like GameStop have experienced significant gains. The buzz around GameStop has been further fueled by legislative developments in the U.S., with the passage of the “Big Beautiful Bill” potentially impacting market dynamics.

Investor Interest and Market Watch

Investors are closely monitoring GameStop’s stock, with its IBD Relative Strength Rating jumping to 93, indicating strong price performance. The stock’s recent activities have drawn comparisons to other meme stocks and companies involved in Bitcoin investments, such as Japan’s Metaplanet, which has seen similar speculative interest.

Speculation and Fact-Checking

Amidst the stock’s rise, speculation has emerged regarding GameStop’s involvement with Bitcoin. A claim surfaced online suggesting that GameStop is connected to a Bitcoin wallet holding 34,000 BTC. This speculation was initially brought up by a Japanese crypto influencer, Han Akamatsu, who shared images of a Bitcoin wallet purportedly linked to GameStop. However, these claims remain unverified.

Conclusion

GameStop’s recent stock performance highlights the ongoing influence of social media and cryptocurrency trends on retail investing. While the company continues to navigate its core business operations, external factors such as Bitcoin’s market movements and influential social media figures play a significant role in shaping investor sentiment and stock volatility.