GameStop’s stock fell as its Bitcoin holdings lost $9.2 million during the third quarter, amid broader crypto market declines.GameStop’s stock fell as its Bitcoin holdings lost $9.2 million during the third quarter, amid broader crypto market declines.

GameStop stock dips after BTC stash loses value

2025/12/11 18:05

The video game retailer, which has invested in about 4,170 bitcoins, indicated it could sell some of its digital assets following its latest earnings report.

GameStop Corp. (GME) saw its stock tank by over 5% this week as the value of its bitcoin holdings declined owing to the gloom of the ongoing crypto winter that has wiped 3.3% off the king coin’s value in the same period. 

At the end of the third quarter on Nov. 1, the company’s Bitcoin stack was valued at $519.4 million. During the three-month period, the company recorded a $9.2 million loss on its digital asset holdings, after Bitcoin fell from over $122,000 to about $110,000 in the month of October, according to CoinGecko data.

GameStop held onto its 4,710 BTC despite the steep drop in BTC prices, which was the same quantity it purchased between early May and mid-June. The company acquired the tokens using proceeds from a $1.3 billion debt offering announced in March.

If the retailer was to sell its whole stash during Bitcoin’s all-time high peak of about $123,000 per coin, it would have collected a 12% profit from its holdings. But at current prices, the coins have taken a 2.7% slump since May 28.

Bitcoin investment performance rags GME stock down

When GameStop purchased $512 million worth of Bitcoin in May, its stock was valued at $35, its highest year-to-date price level. It has declined gradually by roughly 30% since then, dropping from $33 to $23.35 ahead of the earnings call. 

The third-quarter report revealed the Bitcoin treasury had decreased in value by almost $10 million over three months, although the firm recorded $19.4 million above its initial investment. The company confirmed that it had not bought or sold any Bitcoin during the quarter.

The decline in valuation came on the heels of a 21% drop in Bitcoin from $115,500 to $90,131 in the 90 days according to CoinGecko. The fall was partly caused by the October 10 “max pain” liquidation event in crypto history, which saw $19 billion in positions liquidated in a single day, per data from CoinGlass. Several analysts reduced Bitcoin price targets after the sell off, and it appears the largest coin by market cap is yet to shake off the bearish cloud surrounding near the anticipated “Santa Claus rally.”

Shares of GameStop fell 5.8% on Wednesday, as its Q3 report showed net sales for the period came in at $821 million, down from $860 million a year earlier and below analyst estimates of $987.3 million, a 4.6% year-on-year decline and a 16.8% miss compared with forecasts.

Despite the weaker revenue, the video game company’s net income soared to $77.1 million, up from $17.4 million in the same quarter last year. Adjusted earnings per share were $0.24, exceeding analyst expectations of $0.20, a 20% beat, and EBITDA reached $64.4 million, a remarkable 675% growth from the prior year. 

Operating margin improved to 5% from a negative 2.9%, while free cash flow margin rose to 13%, compared with 2.3% a year earlier. The company’s market capitalization currently stands at $10.46 billion.

Corporate Bitcoin treasuries suffer from crypto winter chills

GameStop was not the only Bitcoin treasury that suffered steep losses when Bitcoin tanked from its “Uptober” highs, as many of them are now reporting substantial unrealized losses. 

Companies that raised capital to acquire Bitcoin over $100,000 hoping the asset would stay above six figures and even grow exponentially in December, are now facing losses and declining equity premiums.

Metaplanet, the second largest publicly listed Bitcoin treasury company, swung from over $600 million in unrealized gains in early October to around $530 million in unrealized losses as of Dec. 1, according to Galaxy Research.

However, BTC’s rebound from the $82,000 bottom in late November helped Metaplanet’s mNAV ratio to climb to 1.17, its highest level since the October 10 crisis, according to the company’s dashboard. The Bitcoin DAT’s stock price was trading 10.83% down after the Japanese market’s Thursday session closed.

Want your project in front of crypto’s top minds? Feature it in our next industry report, where data meets impact.

Market Opportunity
GAMESTOP Logo
GAMESTOP Price(GAMESTOP)
$0.00003882
$0.00003882$0.00003882
-3.11%
USD
GAMESTOP (GAMESTOP) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

[OPINION] US National Security Strategy 2025: An iconoclastic document

[OPINION] US National Security Strategy 2025: An iconoclastic document

Trump's national security strategy signals a radical shift in US foreign policy, prioritizing economic power and regional interests over global commitments
Share
Rappler2025/12/16 12:30
Crucial US Stock Market Update: What Wednesday’s Mixed Close Reveals

Crucial US Stock Market Update: What Wednesday’s Mixed Close Reveals

BitcoinWorld Crucial US Stock Market Update: What Wednesday’s Mixed Close Reveals The financial world often keeps us on our toes, and Wednesday was no exception. Investors watched closely as the US stock market concluded the day with a mixed performance across its major indexes. This snapshot offers a crucial glimpse into current investor sentiment and economic undercurrents, prompting many to ask: what exactly happened? Understanding the Latest US Stock Market Movements On Wednesday, the closing bell brought a varied picture for the US stock market. While some indexes celebrated gains, others registered slight declines, creating a truly mixed bag for investors. The Dow Jones Industrial Average showed resilience, climbing by a notable 0.57%. This positive movement suggests strength in some of the larger, more established companies. Conversely, the S&P 500, a broader benchmark often seen as a barometer for the overall market, experienced a modest dip of 0.1%. The technology-heavy Nasdaq Composite also saw a slight retreat, sliding by 0.33%. This particular index often reflects investor sentiment towards growth stocks and the tech sector. These divergent outcomes highlight the complex dynamics currently at play within the American economy. It’s not simply a matter of “up” or “down” for the entire US stock market; rather, it’s a nuanced landscape where different sectors and company types are responding to unique pressures and opportunities. Why Did the US Stock Market See Mixed Results? When the US stock market delivers a mixed performance, it often points to a tug-of-war between various economic factors. Several elements could have contributed to Wednesday’s varied closings. For instance, positive corporate earnings reports from certain industries might have bolstered the Dow. At the same time, concerns over inflation, interest rate policies by the Federal Reserve, or even global economic uncertainties could have pressured growth stocks, affecting the S&P 500 and Nasdaq. Key considerations often include: Economic Data: Recent reports on employment, manufacturing, or consumer spending can sway market sentiment. Corporate Announcements: Strong or weak earnings forecasts from influential companies can significantly impact their respective sectors. Interest Rate Expectations: The prospect of higher or lower interest rates directly influences borrowing costs for businesses and consumer spending, affecting future profitability. Geopolitical Events: Global tensions or trade policies can introduce uncertainty, causing investors to become more cautious. Understanding these underlying drivers is crucial for anyone trying to make sense of daily market fluctuations in the US stock market. Navigating Volatility in the US Stock Market A mixed close, while not a dramatic downturn, serves as a reminder that market volatility is a constant companion for investors. For those involved in the US stock market, particularly individuals managing their portfolios, these days underscore the importance of a well-thought-out strategy. It’s important not to react impulsively to daily movements. Instead, consider these actionable insights: Diversification: Spreading investments across different sectors and asset classes can help mitigate risk when one area underperforms. Long-Term Perspective: Focusing on long-term financial goals rather than short-term gains can help weather daily market swings. Stay Informed: Keeping abreast of economic news and company fundamentals provides context for market behavior. Consult Experts: Financial advisors can offer personalized guidance based on individual risk tolerance and objectives. Even small movements in major indexes can signal shifts that require attention, guiding future investment decisions within the dynamic US stock market. What’s Next for the US Stock Market? Looking ahead, investors will be keenly watching for further economic indicators and corporate announcements to gauge the direction of the US stock market. Upcoming inflation data, statements from the Federal Reserve, and quarterly earnings reports will likely provide more clarity. The interplay of these factors will continue to shape investor confidence and, consequently, the performance of the Dow, S&P 500, and Nasdaq. Remaining informed and adaptive will be key to understanding the market’s trajectory. Conclusion: Wednesday’s mixed close in the US stock market highlights the intricate balance of forces influencing financial markets. While the Dow showed strength, the S&P 500 and Nasdaq experienced slight declines, reflecting a nuanced economic landscape. This reminds us that understanding the ‘why’ behind these movements is as important as the movements themselves. As always, a thoughtful, informed approach remains the best strategy for navigating the complexities of the market. Frequently Asked Questions (FAQs) Q1: What does a “mixed close” mean for the US stock market? A1: A mixed close indicates that while some major stock indexes advanced, others declined. It suggests that different sectors or types of companies within the US stock market are experiencing varying influences, rather than a uniform market movement. Q2: Which major indexes were affected on Wednesday? A2: On Wednesday, the Dow Jones Industrial Average gained 0.57%, while the S&P 500 edged down 0.1%, and the Nasdaq Composite slid 0.33%, illustrating the mixed performance across the US stock market. Q3: What factors contribute to a mixed stock market performance? A3: Mixed performances in the US stock market can be influenced by various factors, including specific corporate earnings, economic data releases, shifts in interest rate expectations, and broader geopolitical events that affect different market segments uniquely. Q4: How should investors react to mixed market signals? A4: Investors are generally advised to maintain a long-term perspective, diversify their portfolios, stay informed about economic news, and avoid impulsive decisions. Consulting a financial advisor can also provide personalized guidance for navigating the US stock market. Q5: What indicators should investors watch for future US stock market trends? A5: Key indicators to watch include upcoming inflation reports, statements from the Federal Reserve regarding monetary policy, and quarterly corporate earnings reports. These will offer insights into the future direction of the US stock market. Did you find this analysis of the US stock market helpful? Share this article with your network on social media to help others understand the nuances of current financial trends! To learn more about the latest stock market trends, explore our article on key developments shaping the US stock market‘s future performance. This post Crucial US Stock Market Update: What Wednesday’s Mixed Close Reveals first appeared on BitcoinWorld.
Share
Coinstats2025/09/18 05:30
Kevin Durant odzyskał Bitcoiny z Coinbase warte fortunę

Kevin Durant odzyskał Bitcoiny z Coinbase warte fortunę

Kevin Durant, jedna z największych aktywnych gwiazd NBA. Zawodnik Houston Rockets, ponownie znalazł się w nagłówkach gazet. Tym razem nie chodzi jednak o sportowe sukcesy lub transferowe plotki. Po latach Kevin Durant odzyskał Bitcoiny! KD na nowo ma dostęp do swojego dawno zapomnianego konta na Coinbase, gdzie trzymał Bitcoiny kupione niemal dekadę temu. Wartość tych […]
Share
Bitcoinist2025/09/19 20:11