GameStop Reports Sales Decline and Significant Bitcoin Losses

GameStop reported a fall in sales due to retail challenges and a decline in Bitcoin's value, further revealing a more than $130 million loss on its digital assets over the past year since it began holding Bitcoin as a treasury asset.

25 Mar, 15:45 — 25 Mar, 15:45

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marketwatchMostly Factual13d ago

GameStop’s move to add bitcoin as a treasury asset turns 1. It hasn’t paid off yet.

GameStop celebrates its first birthday as a company that can hold bitcoin as a treasury asset, by saying it booked a more than $130 million loss on its digital assets last year.

By Tomi Kilgore

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Coverage Timeline

First report: wsj · 24 Mar, 20:32|Full coverage: 2 · 19h|Window: 19h

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wsj24 Mar, 20:32First to report

GameStop Sales Fall Amid Continued Retail Troubles, Bitcoin Value Decline - WSJ

19h later

marketwatch25 Mar, 15:45Latest update

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GameStop Reports Sales Decline and Significant Bitcoin Losses

Sources

GameStop’s move to add bitcoin as a treasury asset turns 1. It hasn’t paid off yet.

Coverage Timeline

GameStop Sales Fall Amid Continued Retail Troubles, Bitcoin Value Decline - WSJ

GameStop’s move to add bitcoin as a treasury asset turns 1. It hasn’t paid off yet.

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