PANews reported on December 11th that, according to CoinDesk, GameStop (stock code GME) held $519.4 million worth of Bitcoin as of the end of the third quarter (November 1st), although the company recorded a loss of $9.2 million on its digital asset holdings during this period. Furthermore, according to official documents verified by PANews , GameStop still held 4,710 Bitcoins at the end of the third quarter, unchanged from the data reported in its second-quarter financial report . Shares of GameStop fell 5.8% on Wednesday after sales figures missed investor expectations. Since announcing its Bitcoin plans in March, the company's stock has fallen more than 22%, as investors weigh the risks of holding cryptocurrency against the impact of weak performance in the company's core business.PANews reported on December 11th that, according to CoinDesk, GameStop (stock code GME) held $519.4 million worth of Bitcoin as of the end of the third quarter (November 1st), although the company recorded a loss of $9.2 million on its digital asset holdings during this period. Furthermore, according to official documents verified by PANews , GameStop still held 4,710 Bitcoins at the end of the third quarter, unchanged from the data reported in its second-quarter financial report . Shares of GameStop fell 5.8% on Wednesday after sales figures missed investor expectations. Since announcing its Bitcoin plans in March, the company's stock has fallen more than 22%, as investors weigh the risks of holding cryptocurrency against the impact of weak performance in the company's core business.
GameStop's Bitcoin holdings value shrank by $9.4 million in Q3 compared to Q2.
PANews reported on December 11th that, according to CoinDesk, GameStop (stock code GME) held $519.4 million worth of Bitcoin as of the end of the third quarter (November 1st), although the company recorded a loss of $9.2 million on its digital asset holdings during this period. Furthermore, according to official documents verified by PANews , GameStop still held 4,710 Bitcoins at the end of the third quarter, unchanged from the data reported in its second-quarter financial report .
Shares of GameStop fell 5.8% on Wednesday after sales figures missed investor expectations. Since announcing its Bitcoin plans in March, the company's stock has fallen more than 22%, as investors weigh the risks of holding cryptocurrency against the impact of weak performance in the company's core business.
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