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GameStop disclosed owning 4,710 BTC, Q2 Loss Narrows
BlockBeats News, September 10th. U.S. publicly traded company GameStop disclosed holding 4,710 BTC in the second quarter, with a book value of $529 million and an unrealized gain of $28.6 million. The company's net loss was $18.5 million, narrowing from the previous quarter. Revenue decreased to $674 million, with declines in hardware and software sales but an increase in collectibles sales. The company raised $270 million through convertible bond financing and sold its businesses in Canada and France. At the end of the quarter, the company had $6.1 billion in cash and cash equivalents, excluding digital assets. (Decrypt)
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