GameStop Q2 losses narrowed, disclosing holdings of 4710 Bitcoins.

GateNews
GME4,68%
BTC-0,09%

Odaily News GameStop announced a net loss of 18.5 million USD for the second quarter, significantly narrowing from a profit of 44.8 million USD in the previous quarter. Revenue fell to 673.9 million USD, affected by a decline in hardware and software sales, although collectibles sales increased. The company purchased 4,710 Bitcoins this quarter at a cost of 500 million USD, with a year-end valuation of 528.6 million USD, resulting in an unrealized gain of 28.6 million USD, making it one of the few publicly traded companies involved in digital assets. (Decrypt)

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Bitcoin Flashes 'Warning Sign' With Nearly Half of BTC Supply Sitting at a Loss: Report

A recent report reveals that 47% of Bitcoin holders are experiencing unrealized losses, with long-term holders particularly affected. Despite Bitcoin's price remaining stable recently, the market shows signs of stress, raising concerns about potential price drops.

Decrypt33m ago

Jack Dorsey's Square Automatically Enables Bitcoin Payments for Millions of Sellers

Square has made Bitcoin payments the default option for eligible U.S. sellers, impacting 4 million merchants who can now accept Bitcoin with zero fees. Sellers will receive USD by default; however, they can opt out of the feature.

Decrypt1h ago
Comment
0/400
No comments