As of the end of the third quarter, GameStop (ticker GME) held $519.40 million worth of bitcoin, but the company recorded a loss of $9.20 million in digital asset holdings during the period. In addition, verified official documents show that GameStop still held 4,710 bitcoin at the end of the third quarter, unchanged from the data released in the second quarter. The company's shares fell 5.8% on Wednesday as sales missed investor expectations.
Since GameStop announced its bitcoin plans in March, its share price has fallen by more than 22 percent as investors weigh the risks of owning cryptocurrencies against the impact of a weak performance in the company's core business.
GameStop Q3 Bitcoin holdings are worth $9.40 million less than Q2
2025-12-11 00:44:21
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