GameStop (GME) stock recently surged in early trading Friday following its earnings report, highlighting the company's exploration of digital assets.
Devin Ryan, Citizens JMP director of financial technology research, joins Morning Brief to explain that the growing trend of companies adding digital assets to their balance sheets has had a positive market reaction.
He sees this as a key factor in driving adoption and increasing trading activity across the industry.
"If you see these reserves happen and more adoption at the corporate level, that could drive crypto market cap up by multiples from here," Ryan says. "The buying demand that didn't exist before is coming through, and that's very good for pricing."
Comparing GameStop's strategy to that of MicroStrategy (MSTR), Ryan points out that bitcoin (BTC-USD) remains the dominant asset, and the broader trend of crypto reserves could have a significant impact on prices.
To watch more expert insights and analysis on the latest market action, check out more Morning Brief here.
#youtube #stocks #games
About Yahoo Finance:
Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.
- Get the latest news and data at finance.yahoo.com
- Download the Yahoo Finance app on Apple ( or Android (
- Follow Yahoo Finance on social:
X:
Instagram:
TikTok:
Facebook:
LinkedIn:
|
Novo Nordisk CEO Mike Doustdar details t...
Apple has agreed to pay $250 million to ...
"Inflation alone is getting worse. It's ...
On today's episode, Carol Massar and Tim...
Comprehensive cross-platform coverage of...
The US and Iran clashed overnight near t...
After Lip-Bu Tan became chief executive ...
Fox Business' Madison Alworth discusses ...
‘The Big Money Show’ panel slams New Yor...
Former CIA covert operations officer Mik...
FOX Business’ Darren Botelho joins 'Varn...
AJ Andrews says the energy of the World ...
Although many more results are still to ...
UBS chief executive, Sergio Ermotti, sha...
AJ Andrews on Baseball’s Electric Moment—and What Keeps It Growing
AJ Andrews says the energy of the World ...
#GameStop wants to buy #eBay for $55B, but an awkward CNBC interview p
----------------------------------------...
Gamestop wants to buy eBay? + reMarkable Paper Pure review | Engadget
Can a meme stock buy a real company? Thi...
Hugh Jackman, Chris O’Dowd & Nicholas Braun Play Movie Mash-Up! | Say
Hugh Jackman, Chris O'Dowd, and Nicholas...
The Online Games Where The House Always Wins
On today’s Big Take podcast, host Sarah ...
Let's chat about Valve's Steam Controller | Engadget Podcast
We're still waiting for Valve's Steam Ma...
GameStop’s $56 Billion Bid for eBay | Bloomberg Tech 5/4/2026
Bloomberg’s Caroline Hyde discusses Game...
'WORRISOME': Ex-CIA officer raises concerns over report
Former CIA covert operations officer Mik...
The Rise of Salesforce (Behind the Cloud Giant)
The first 1000 people to use the link wi...
Sony's EV is dead, Meta and YouTube lose social media addiction case |
Engadget’s TMA is a weekly video series ...
'WORRISOME': Ex-CIA officer raises concerns over report
Former CIA covert operations officer Mik...
AJ Andrews on Baseball’s Electric Moment—and What Keeps It Growing
AJ Andrews says the energy of the World ...
Gamestop wants to buy eBay? + reMarkable Paper Pure review | Engadget
Can a meme stock buy a real company? Thi...
Hugh Jackman, Chris O’Dowd & Nicholas Braun Play Movie Mash-Up! | Say
Hugh Jackman, Chris O'Dowd, and Nicholas...
#GameStop wants to buy #eBay for $55B, but an awkward CNBC interview p
----------------------------------------...
The Online Games Where The House Always Wins
On today’s Big Take podcast, host Sarah ...
GameStop’s $56 Billion Bid for eBay | Bloomberg Tech 5/4/2026
Bloomberg’s Caroline Hyde discusses Game...
Let's chat about Valve's Steam Controller | Engadget Podcast
We're still waiting for Valve's Steam Ma...
Sony's EV is dead, Meta and YouTube lose social media addiction case |
Engadget’s TMA is a weekly video series ...
The Rise of Salesforce (Behind the Cloud Giant)
The first 1000 people to use the link wi...