gamestop

GameStop transferred all of its 4,710 bitcoins to Coinbase Prime in January, sparking speculation in the market about a potential sell-off. The company had previously built a bitcoin position of about $500 million, which is now valued at approximately $362.4 million. CEO Ryan Cohen stated in an interview with CNBC on Friday that the company is shifting towards a transformative acquisition strategy, claiming that this plan is more attractive than bitcoin.Cohen declined to disclose whether the company would liquidate its bitcoins but emphasized that the acquisition plan is transformative not only for GameStop but for the entire capital market. Following the announcement, GameStop's stock price rose by about 8.25% to $25.85.

American renowned "Big Short" Michael Burry posted, "I hold GameStop (GME) and have been buying recently. I expect that the price I bought in at may soon approach 1 times the tangible book value and 1 times the net asset value. I do not expect to realize long-term value through a short squeeze and am willing to hold long-term."Affected by this news, GameStop's stock price surged by 8.8% during intraday trading on Monday, closing at $24.01, an increase of 4.44%.

GameStop has transferred all of its 4,710 bitcoins to Coinbase Prime, sparking speculation in the market about its potential sale of bitcoin assets. The current value of this bitcoin is approximately $422 million. This transfer "likely indicates preparations for a sale." If sold at an approximate price of $90,800 per bitcoin, GameStop could realize a paper loss of about $76 million. Previously, GameStop purchased the aforementioned bitcoins in batches at an average price of $107,900 in May of this year. As of now, GameStop has not publicly responded to whether it will sell the bitcoins.

According to market news, GameStop is suspected of transferring all on-chain BTC to Coinbase Prime, possibly for sale.

According to Jinshi News, U.S. stocks opened with the Dow Jones Industrial Average up 0.1%, the S&P 500 up 0.03%, and the Nasdaq Composite up 0.02%. GameStop (GME.N) rose 3.97% as the company announced a performance compensation plan for CEO Ryan Cohen. Ventyx (VTYX.O) soared 49%, reportedly nearing a deal with Eli Lilly (LLY.N) to be acquired for over $1 billion.

According to CoinDesk, as of the end of the third quarter, GameStop (stock code GME) held Bitcoin worth $519.4 million, although the company recorded a digital asset holding loss of $9.2 million during this period. Additionally, verified official documents show that GameStop still held 4,710 Bitcoins at the end of the third quarter, unchanged from the data released in the second quarter financial report.Due to sales performance not meeting investor expectations, the company's stock price fell 5.8% on Wednesday. Since GameStop announced its Bitcoin plan in March, its stock price has dropped over 22%, as investors weigh the risks of holding cryptocurrency against the impact of the company's weak core business performance.

The publicly traded company GameStop invested $500 million in Bitcoin this spring, and now this asset is causing significant volatility for the company.According to the company's third-quarter financial report released on Tuesday, the position had a book value of approximately $519 million at the end of September, resulting in over $19 million in unrealized profits. However, at the end of the second quarter, this holding had briefly risen to $528 million, and then recorded an unrealized loss of $9.4 million due to a price drop. During the third quarter, GameStop did not increase or sell any Bitcoin. In 2025, Bitcoin reached new highs driven by crypto-friendly policies in the U.S. However, the crash on October 10 caused prices to fall about 30% from their peak this year, shaking the entire industry. During this collapse, approximately $19 billion in leveraged crypto positions were forcibly liquidated, and several publicly traded companies that benefited from the bull market began to show signs of pressure. In addition to GameStop, non-crypto companies also made significant purchases of Bitcoin this year, including Japanese hotel operator MetaPlanet and Trump Media & Technology Group, which is under Trump. This trend is attributed to President Trump's executive orders strengthening the strategic position of crypto assets within his administration and pushing regulators to implement a light regulatory framework. As the market weakens, the financial performance of these companies is facing severe challenges.

The New York Stock Exchange-listed company GameStop released its third-quarter financial performance report, which disclosed that as of the end of the third quarter of 2025, the company holds Bitcoin valued at $519.4 million, as well as cash, cash equivalents, and marketable securities worth $8.8 billion.GameStop also disclosed that its net profit for the third quarter was $77.1 million, compared to a net profit of $17.4 million in the same period last year. Excluding unrealized losses on digital assets and other items, the adjusted net income reached $139.3 million, showing significant growth compared to the adjusted net income of $26.2 million in the same period last year.

Eric Trump, the second son of Donald Trump, stated on social media, "The cryptocurrency mining company American Bitcoin Corp. continues to accumulate Bitcoin, and the next company to surpass is GameStop."According to data shared by Eric Trump, American Bitcoin currently holds 4,367 BTC, while GameStop currently holds 4,710 BTC.Earlier reports indicated that American Bitcoin was co-founded by Eric Trump, and its stock price plummeted 35% this Monday due to the unlocking of restricted shares.

ChainCatcher news, GameStop reported a net loss of $18.5 million for the second quarter, significantly narrowing from a profit of $44.8 million in the previous quarter. Revenue fell to $673.9 million, impacted by a decline in hardware and software sales, but sales of collectibles increased.The company purchased 4,710 bitcoins this quarter at a cost of $500 million, with a year-end valuation of $528.6 million, resulting in an unrealized gain of $28.6 million, making it one of the few publicly traded companies involved in digital assets.

ChainCatcher news, according to Protos, Gamestop CEO Ryan Cohen suddenly unfollowed all Bitcoin-related accounts on the X platform, a move that has drawn attention on social media.Gamestop currently holds approximately $550 million worth of 4,710 Bitcoins, which is only one-third of the amount the company planned to purchase since April. Nevertheless, Cohen's investment attitude is considered lackluster, and he has even been criticized as "worthless" and a "non-Bitcoin supporter."Additionally, Cohen has been nicknamed "Rugpull Ryan" to highlight that his stock price has dropped 80% from its historical peak. Although Gamestop raised $1.48 billion through bond sales in April, claiming it would be used for purchasing Bitcoin and company operations, Cohen has only used about one-third of those funds to buy Bitcoin.

ChainCatcher news, according to CNBC, GameStop CEO Ryan Cohen stated in an interview with CNBC's financial program that the company will not follow the Strategy model, but rather has its own unique strategy.Currently, GameStop has a very strong balance sheet, with over $9 billion in cash and securities, and the previous purchase of 4,710 BTC was merely to view Bitcoin as a hedge against inflation and global money printing.

ChainCatcher message, according to SoSoValue data, as of June 30, 2025, Eastern Time, the total net inflow of Bitcoin by global listed companies (excluding mining companies) in the past week was $863 million.Among them, Strategy (formerly MicroStrategy) has continuously increased its holdings for 13 weeks, investing $531.9 million last week to acquire 4,980 BTC at a price of $106,801, bringing its total holdings to 597,325 BTC.Japanese listed company Metaplanet made two purchases last week, with a total investment of $240.8 million, acquiring 2,239 BTC at a price of $107,561, bringing its total holdings to 13,350 BTC; the recent weekly purchase amount continues to expand.Chinese semiconductor hardware company Nano Lab, British digital advertising company The Smarter Web, and French Web3 service company Blockchain Group also made significant purchases last week. Nano Lab invested $63.6 million to acquire 600 BTC at a price of $106,000, bringing its total holdings to 1,000 BTC; The Smarter Web invested approximately $20.4 million to acquire 196.9 BTC at a price of $103,606, bringing its total holdings to 730.16 BTC; Blockchain Group invested $6.3 million to acquire 60 BTC at a price of $105,877, bringing its total holdings to 1,788 BTC.In addition, on June 25, Gamestop announced that it had raised an additional $450 million through the issuance of zero-interest convertible preferred notes. This financing is an additional operation based on the $2.25 billion private placement of convertible bonds completed on June 17, bringing the total financing amount to $2.7 billion. GameStop stated that these funds will be used for general corporate purposes and investments according to its investment policy, including allocating Bitcoin as a corporate reserve asset.As of the time of publication, the total amount of Bitcoin held by the global listed companies (excluding mining companies) in the statistics is 663,860 BTC, with a current market value of approximately $7.15 billion, accounting for 3.34% of the circulating market value of Bitcoin.

According to ChainCatcher news and reported by CoinDesk, video game retailer GameStop (GME) submitted documents to the U.S. Securities and Exchange Commission (SEC) on Tuesday showing that the company has raised $450 million through a subsequent issuance of zero-coupon convertible preferred notes.This new issuance comes just a week after its initial $2.25 billion private placement, bringing the total amount raised in this round of financing to $2.7 billion. The company stated that this issuance was executed based on a 13-day option granted to the initial purchasers, who fully exercised the so-called "green shoe option." These notes, maturing in 2032, can be converted into GameStop Class A common stock at a price of $28.91 per share, representing a 32.5% premium over the volume-weighted average share price at the time of the initial issuance on June 12.The funds raised will be used for general corporate purposes and "investments that align with GameStop's investment policy," including allocating Bitcoin (BTC) as a treasury reserve asset. GameStop is one of the publicly traded companies increasingly adopting a cryptocurrency asset reserve strategy, similar to Michael Saylor's Strategy (MSTR), by raising funds through stock sales and bond issuances to allocate to crypto assets like BTC. After completing a $1.3 billion convertible bond issuance in May, the company first spent approximately $500 million to acquire 4,710 Bitcoins.

GameStop, a company listed on the New York Stock Exchange, released its Q1 2025 earnings report, which disclosed:Net sales for the quarter were $732.4 million, with an operating loss of $10.8 million and a net income of $44.8 million;Cash, cash equivalents, and marketable securities at the end of the first quarter amounted to $6.4 billion, compared to $1 billion at the end of the first quarter last year;The divestiture of Canadian assets was completed on May 4, and 4,710 bitcoins were purchased in cash between May 3 and June 10.

ChainCatcher news, Bitwise Chief Investment Officer Matt Hougan stated that Bitwise Investment Company has just launched its first covered call ETF focused on GameStop (IGME). The fund generates income through options strategies but does not directly invest in GameStop stock.

ChainCatcher news, GameStop CEO explains why the company purchased over $505 million in Bitcoin, stating, "BTC can hedge against global currency devaluation."Previous report, according to the official announcement, GameStop announced the purchase of 4,710 BTC.

ChainCatcher message, according to the official announcement, GameStop announced the purchase of 4,710 BTC.