GameStop disclosed holdings of 4,710 BTC, Q2 losses narrowed

PANews reported on September 10 that according to Decrypt, GameStop disclosed that it held 4,710 BTC in the second quarter, with a book value of US$529 million and unrealized revenue of US$28.6 million. The company's net loss was $18.5 million, narrowing from the previous quarter. Revenue fell to US$674 million, hardware and software sales declined, and the proportion of collectibles sales increased. The company raised funds through $270 million in convertible bonds and sold its operations in Canada and France. Cash and equivalents at the end of the quarter were US$6.1 billion, excluding digital assets.