GameStop Reports $77.1M Profit; Bitcoin Holdings at $519.4M
GameStop's strategic $500 million investment in Bitcoin is under scrutiny due to market volatility. As of Q3, the value increased to $519.4 million from an initial $500 million purchase, despite fluctuations.
- The unrealized profit stands at approximately $19 million after a previous loss of $9.4 million when Bitcoin fell to $80K.
- GameStop did not make additional Bitcoin purchases or sales during Q3.
GameStop posted a Q3 profit of $77.1 million on $821 million revenue, below the expected $987.3 million. Despite this, cost-cutting led to improved earnings.
Bitcoin's rally in 2025 was driven by favorable regulatory conditions and pro-crypto policies from President Donald Trump.
Short-term Bitcoin holders are experiencing significant losses, with average buyers below their purchase costs. This has increased selling pressure, hindering Bitcoin's rise above $90,000.
Institutional interest remains strong, evidenced by $151 million in BTC spot ETF inflows.
