In a more bullish scenario, Bernstein estimates that Strategy could hold more than 1 million BTC by 2033 as Bitcoin hits $1 million and debt jumps to $100 billion.

MicroStrategy shares jumped more than 10% on Monday after a regulatory filing revealed that the software firm, the world's largest corporate holder of bitcoin, had purchased more of the digital currency.

MicroStrategy and other crypto-exposed stocks jumped early Monday as Bitcoin climbed to start the week amid a broader market bounce. Shares in MicroStrategy, which now does business under the name of Strategy,

GameStop's foray into cryptocurrencies marks the latest effort by CEO Ryan Cohen to revive the struggling brick-and-mortar business.

GameStop announced that its board has approved a plan to buy Bitcoin with corporate cash, following a strategy made famous by MicroStrategy.

With its eagerly anticipated move into bitcoin, videogame retailer and original meme-stock name GameStop Corp. is following in the cryptocurrency footsteps of software company and bitcoin play Strategy,