GameStop stock drops 3% after Q3 report shows stagnant sales and $9.2M Bitcoin treasury loss. Company may sell BTC as part of treasury management, despite profits rising slightly.

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"GameStop bought $512 million worth of Bitcoin in May, making it one of the many publicly traded U.S. companies adopting digital asset treasuries. GME shares had been on a gradual 30% decline since that moment until its late Tuesday earnings call, from $33 to $23.35."

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GameStop stock drops 3% after Q3 report shows stagnant sales and $9.2M Bitcoin treasury loss. Company may sell BTC as part of treasury management, despite profits rising slightly.

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GameStop stock drops 3% after Q3 report shows stagnant sales and $9.2M Bitcoin treasury loss. Company may sell BTC as part of treasury management, despite profits rising slightly.

More coverage

Explore the topic

More on $BTC

Metaplanet's Siiibo Securities acquisition could unlock bitcoin-backed "Bitbonds," with plans for 4–6% yields, stablecoin settlement and an onchain fixed-income market

Michael Saylor unveils a 38-book curriculum for leaders, arguing that history, technology, capital, energy and Bitcoin are essential to building stronger civilizations

Over the past three weeks, Ether ETFs have attracted nearly as much capital as Bitcoin ETFs despite managing only about one-eighth the assets

The U.S. launches the Freedom Tech Excellence Program, embedding experts from the Bitcoin Policy Institute, Palantir and Anduril into digital freedom and AI initiatives

Nine major Bitcoin institutions pledge $15M to fund protocol security and developer research, backing Bitcoin's long-term resilience while preserving decentralized governance

Cardano founder Charles Hoskinson warns Bitcoin could lose its top crypto spot if governance can't adapt to quantum computing, arguing Cardano is better equipped with onchain governance

Metaplanet's Siiibo Securities acquisition could unlock bitcoin-backed "Bitbonds," with plans for 4–6% yields, stablecoin settlement and an onchain fixed-income market

Michael Saylor unveils a 38-book curriculum for leaders, arguing that history, technology, capital, energy and Bitcoin are essential to building stronger civilizations

Over the past three weeks, Ether ETFs have attracted nearly as much capital as Bitcoin ETFs despite managing only about one-eighth the assets

The U.S. launches the Freedom Tech Excellence Program, embedding experts from the Bitcoin Policy Institute, Palantir and Anduril into digital freedom and AI initiatives

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