GRAPEVINE, Texas (AP) — 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. Even though GameStop’s shares gained nearly $2 to approach $28 in extended trading, the stock price remained well below its 52-week high of $64.83.
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