GameStop Reports 4,710 BTC Bitcoin Stake (~$529M) in Q2 as Net Loss Narrows

U.S. publicly traded GameStop reported holding 4,710 BTC at the end of Q2, recorded at a book value of $529 million and reflecting an unrealized gain of $28.6 million.

Operationally, the company posted a net loss of $18.5 million—an improvement from the prior quarter—while consolidated revenue contracted to $674 million amid weaker hardware and software sales, partially offset by growth in collectibles.

On the financing front, management raised $270 million through convertible bond financing and completed divestitures in Canada and France; liquidity stood at $6.1 billion in cash and cash equivalents, excluding reported digital assets.