In Q2, GameStop’s loss decreased to 18.5 million USD, benefiting from 4,710 BTC valued at 528.6 million USD. Revenue fell to 673.9 million USD, primarily due to a drop in hardware sales. The operating loss also narrowed to 9.2 million USD.
The company’s operational costs have decreased, and collectibles sales now represent nearly a third of total sales. GameStop’s decision to invest in Bitcoin positions it among companies exploring digital assets, exposing its balance sheet to cryptocurrency market fluctuations.
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