GameStop reported a net loss of $18.5 million in the second quarter, a marked narrowing from a profit of $44.8 million in the previous quarter. Revenue fell to $673.90 million, weighed down by declining hardware and software sales but rising collectibles sales.
The company purchased 4,710 bitcoins in the quarter at a cost of $500 million and a closing valuation of $528.60 million, resulting in $28.6 million in unrealized gains, making it one of the few publicly traded companies to have ventured into digital assets.
Data: GameStop's Q2 loss narrowed, revealing 4,710 bitcoin holdings
2025-09-10 02:40:16
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