GameStop Q2 loss narrows, revealing holdings of 4,710 Bitcoins
Source: Odaily
Time: 2025-09-10 09:48:08
Odaily Planet Daily News GameStop reported a net loss of $18.5 million in the second quarter, a significant narrowing from the previous quarter's profit of $44.8 million. Revenue fell to $673.9 million, dragged down by declines in hardware and software sales, but collectibles sales grew. The company purchased 4,710 bitcoins this quarter, costing $500 million and ending valuation of $528.6 million, bringing unrealized returns of $28.6 million, making it one of the few listed companies involved in digital assets. (Decrypt)