
PANews|Sep 10, 2025 02:51
GameStop reveals holding 4,710 BTC, Q2 losses narrow
According to Decrypt, GameStop disclosed in Q2 that it holds 4,710 BTC, with a book value of $529 million and unrealized gains of $28.6 million. The company reported a net loss of $18.5 million, narrowing compared to the previous quarter.
Revenue dropped to $674 million, with declines in hardware and software sales, while the share of collectibles sales increased. The company raised $270 million through convertible bonds and sold its businesses in Canada and France. By the end of the quarter, cash and equivalents stood at $6.1 billion, excluding digital assets.
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