GameStop Q2 losses narrowed, disclosing holdings of 4710 Bitcoins.

GateNews
GME4,49%
BTC2,95%

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)

View Original
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

Win 3 Free GA Passes to Bitcoin 2026 in Las Vegas With CryptoBreaking

CryptoBreaking is excited to announce a brand-new giveaway for our community in partnership with The Bitcoin Conference. We are giving away 3 free General Admission passes to Bitcoin 2026, taking place at The Venetian in Las Vegas from April 27 to April 29, 2026. This is your chance to be part

CryptoBreaking9m ago

A certain whale accumulated 2003 BTC from a certain CEX within 10 days, worth $140 million.

Gate News: On March 13, according to on-chain analyst Ember's monitoring, 2 hours ago, a certain whale continued to withdraw 283 BTC from a CEX, valued at $20.52 million. Over the past 10 days, this whale has accumulated a total of 2003.2 BTC through this exchange, valued at $140 million, at an average price of $69923.

GateNews13m ago

Whale address withdrew 283 BTC from a certain CEX within 2 hours, accumulating 2003 BTC in purchases over the past 10 days

Gate News reported that on March 13th, according to Ember monitoring, a major whale/institutional address withdrew 283 BTC from a certain CEX within approximately 2 hours, valued at approximately $20.52 million. This address has accumulated a total of 2,003.2 BTC through the CEX over the past 10 days, with a total value of approximately $140 million, during which the average Bitcoin purchase price was approximately $69,923.

GateNews13m ago

Bitcoin Policy Institute calls for revising U.S. tax rules that currently treat all BTC payments as capital gains

Gate News reports that on March 13, the Bitcoin Policy Institute called for modifications to current U.S. tax rules. Under existing regulations, all payments made using BTC are treated as capital gains transactions, requiring the payment of corresponding taxes. The institute argues that this regulation limits the practical application of Bitcoin as a means of payment.

GateNews44m ago
Comment
0/400
No comments