GameStop's plan to bet on Bitcoin juices video game retailer's stock

GameStop's seesawing stock price surged 7% late Tuesday after the video game retailer disclosed plans to invest some of its cash in cryptocurrency. Without providing any details, GameStop said its board of directors had approved a revision in its investment policy to enable the Grapevine, Texas, company to convert some of its U.S. dollars into Bitcoin, which has become a hot commodity since last November's election of President Donald Trump. As of early February, GameStop held nearly $4.8 billion in cash.