GameStop’s Revenue Boosted by $528M Bitcoin Stash, Reports Minimal Q2 Loss
The post GameStop’s Revenue Boosted by $528M Bitcoin Stash, Reports Minimal Q2 Loss appeared on BitcoinEthereumNews.com. GameStop has reported an increase in revenue thanks to its $528 million Bitcoin holdings. This has helped in reducing its losses in Q2, despite ongoing revenue challenges. Bitcoin Investment Lifts GameStop’s Balance Sheet In its latest report, GameStop disclosed a boost in its revenue, minimizing previous losses. This comes after the purchase of $500 million worth of BTC during the second quarter. At quarter’s end, those holdings were valued at $528.6 million. This resulted in an unrealized gain of $28.6 million for the company. The firm uses Coinbase pricing to measure the fair value of its crypto reserves. This has now placed it among a select group of publicly listed companies holding Bitcoin as part of their corporate strategy. The Bitcoin price is up roughly 18% since the GameStop purchase of 4,710 BTC. For the quarter ending August 2, 2025, the gaming firm reported a net loss of $18.5 million, an improvement from earlier periods. Net sales, however, slipped to $674 million as hardware and software demand slowed. Thanks to cost-cutting measures, operating losses decreased to $9.2 million. Collectibles sales also surged 63%, fueled by trading cards, merchandise, and exclusive partnerships with publishers. The company had made previous efforts to strengthen its collectibles division. This includes exclusive editions of upcoming releases like Take-Two’s Borderlands 4. These moves have helped cushion declines in traditional console and game sales. Meanwhile, demand around Nintendo’s Switch 2 launch and continued sales of PlayStation 5 and Xbox Series X|S have kept hardware revenue from sliding further. GME Stock Rises Amid Report Release GME shares rose 1.5% during regular trading and jumped as much as 7% to $25.29 in after-hours action following the report. The company now holds a market capitalization of $10.55 billion and an enterprise value of $6.28 billion. Source: Yahoo Finance; GME Stock…
The post GameStop’s Revenue Boosted by $528M Bitcoin Stash, Reports Minimal Q2 Loss appeared on BitcoinEthereumNews.com.
GameStop has reported an increase in revenue thanks to its $528 million Bitcoin holdings. This has helped in reducing its losses in Q2, despite ongoing revenue challenges. Bitcoin Investment Lifts GameStop’s Balance Sheet In its latest report, GameStop disclosed a boost in its revenue, minimizing previous losses. This comes after the purchase of $500 million worth of BTC during the second quarter. At quarter’s end, those holdings were valued at $528.6 million. This resulted in an unrealized gain of $28.6 million for the company. The firm uses Coinbase pricing to measure the fair value of its crypto reserves. This has now placed it among a select group of publicly listed companies holding Bitcoin as part of their corporate strategy. The Bitcoin price is up roughly 18% since the GameStop purchase of 4,710 BTC. For the quarter ending August 2, 2025, the gaming firm reported a net loss of $18.5 million, an improvement from earlier periods. Net sales, however, slipped to $674 million as hardware and software demand slowed. Thanks to cost-cutting measures, operating losses decreased to $9.2 million. Collectibles sales also surged 63%, fueled by trading cards, merchandise, and exclusive partnerships with publishers. The company had made previous efforts to strengthen its collectibles division. This includes exclusive editions of upcoming releases like Take-Two’s Borderlands 4. These moves have helped cushion declines in traditional console and game sales. Meanwhile, demand around Nintendo’s Switch 2 launch and continued sales of PlayStation 5 and Xbox Series X|S have kept hardware revenue from sliding further. GME Stock Rises Amid Report Release GME shares rose 1.5% during regular trading and jumped as much as 7% to $25.29 in after-hours action following the report. The company now holds a market capitalization of $10.55 billion and an enterprise value of $6.28 billion. Source: Yahoo Finance; GME Stock…
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