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GameStop shares were up 23.5% to $239.80 in early trading, a day after the company entrusted leadership of its online sales efforts to board member and major shareholder Ryan Cohen, co-founder of online pet retailer Chewy Inc. While the moves have prompted more boardroom discussions though, headaches from bitcoin's volatility to accounting for it and storing it are likely to preclude a big wave of companies holding large amounts on balance sheets in the short term, according to over a dozen financial officers, board members and accountants interviewed by Reuters.

"I am hoping that if more mainstream companies get into bitcoin, the accounting standards board may revisit the accounting treatment." "I don't think it's the best accounting so far," said Robert Hertz, a former FASB chairman. GameStop, Robinhood, and the State of Retail Investing." (Reporting by Aaron Saldanha in Bengaluru, Danilo Masoni in Milan and Saqib Ahmed in New York; editing by Patrick Graham, Ira Iosebashvili and David Gregorio) Senate Banking, Housing and Urban Affairs Committee planned a remote hearing titled "Who Wins on Wall Street?

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