Shares of GameStop Corp. gained more than 7% in extended trading Thursday, following a report that the company is weighing a bitcoin investment. Citing sources familiar with the matter, CNBC reported that the videogame retailer and original meme stock is considering investing in alternative asset classes including bitcoin and other cryptocurrencies.

Eyebrows were raised this past weekend when GameStop CEO Ryan Cohen posted a picture of himself with Michael Saylor.

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.