According to DLNews, GameStop's latest financial report shows that the $500 million Bitcoin investment made in May this year was valued at approximately $519 million at the end of the third quarter, recording an unrealized gain of $19 million, a decline from $528 million at the end of the second quarter. The company did not add or sell any Bitcoin holdings this quarter. Due to the earnings report falling short of expectations, GameStop's stock price dropped 5%, with net sales down 4.5% year-over-year to $821 million.
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According to DLNews, GameStop's latest financial report shows that the $500 million Bitcoin investment made in May this year was valued at approximately $519 million at the end of the third quarter, recording an unrealized gain of $19 million, a decline from $528 million at the end of the second quarter. The company did not add or sell any Bitcoin holdings this quarter. Due to the earnings report falling short of expectations, GameStop's stock price dropped 5%, with net sales down 4.5% year-over-year to $821 million.