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GameStop Discloses Holding 4710 BTC, Q2 Losses Narrow
Summary: According to reports, US-listed company GameStop disclosed holding 4,710 BTC in the second quarter, with a book value of $529 million and unrealized gains of $28.6 million. The company's net loss was $18.5 million, narrowing from the previous quarter. Revenue decreased to $674 million, with hardware and software sales declining while collectibles sales increased. The ...
According to reports, US-listed company GameStop disclosed holding 4,710 BTC in the second quarter, with a book value of $529 million and unrealized gains of $28.6 million. The company's net loss was $18.5 million, narrowing from the previous quarter. Revenue decreased to $674 million, with hardware and software sales declining while collectibles sales increased. The company raised $270 million through convertible bond financing and sold its Canadian and French businesses. Cash and equivalents at the end of the quarter were $6.1 billion, excluding digital assets. (Decrypt)
