GameStop (GME) rose about 6% in pre-market trading on Friday after CNBC reported the video game retailer is exploring investing in cryptocurrencies, including bitcoin (BTC-USD). CNBC specified the company may not follow through with the investments and is still exploring the option.

Video game retailer and meme stock GameStop is considering investments in bitcoin and other cryptocurrencies, according to a CNBC report. Following the news, GameStop shares surged as much as 20% in after-hours trading. Since then, the stock has cooled off and trades are around 7% higher.

After reports of Bitcoin investment consideration, GameStop’s stock surged up to 18%. GameStop (GME) meme coin without any affiliation to the company also witnessed a surge of 45% to $0.0027. The strategy led by Saylor accumulated 471,000 BTC. It amounts roughly to 2% of all Bitcoins in circulation.