The post Bitcoin Just Saved GameStop From a Bigger Meltdown appeared on BitcoinEthereumNews.com. Bitcoin 10 September 2025 | 12:09 GameStop’s latest earnings report shows that the company’s bet on Bitcoin has softened its quarterly losses, even as sales in its core gaming business continue to decline. The retailer purchased $500 million worth of Bitcoin in the second quarter, a position now worth $528.6 million. That $28.6 million unrealized gain helped offset weaker demand for hardware and software, which pushed net sales down to $674 million. Net loss came in at $18.5 million, a marked improvement from earlier quarters, with operating losses trimmed to $9.2 million thanks to aggressive cost controls. GameStop also saw a 63% jump in collectibles, bolstered by trading cards, merchandise, and limited-run partnerships. Exclusive editions of upcoming titles like Borderlands 4 are part of a broader push to diversify revenue as console sales plateau. Hardware sales still found support from Nintendo’s Switch 2 launch and steady demand for PlayStation 5 and Xbox Series X|S. Shares of GME rose modestly on the report, climbing 1.5% in regular trading and surging as much as 7% after hours to $25.29. The company now holds a market value of $10.55 billion, though its stock has been flat over the past year with short interest remaining elevated at 67.8 million shares, about 15% of the total float. Alongside its Bitcoin reserves, GameStop ended the quarter with $6.1 billion in cash and equivalents. Recent moves to bolster liquidity include a $270 million convertible bond raise and the wind-down of operations in Canada and France. Management is betting that streamlining operations while leaning on collectibles and digital assets will provide a more stable footing as traditional sales continue to soften. The strategy also puts GameStop in the company of other public firms using Bitcoin as a balance sheet hedge, further tying its performance to crypto market swings.… The post Bitcoin Just Saved GameStop From a Bigger Meltdown appeared on BitcoinEthereumNews.com. Bitcoin 10 September 2025 | 12:09 GameStop’s latest earnings report shows that the company’s bet on Bitcoin has softened its quarterly losses, even as sales in its core gaming business continue to decline. The retailer purchased $500 million worth of Bitcoin in the second quarter, a position now worth $528.6 million. That $28.6 million unrealized gain helped offset weaker demand for hardware and software, which pushed net sales down to $674 million. Net loss came in at $18.5 million, a marked improvement from earlier quarters, with operating losses trimmed to $9.2 million thanks to aggressive cost controls. GameStop also saw a 63% jump in collectibles, bolstered by trading cards, merchandise, and limited-run partnerships. Exclusive editions of upcoming titles like Borderlands 4 are part of a broader push to diversify revenue as console sales plateau. Hardware sales still found support from Nintendo’s Switch 2 launch and steady demand for PlayStation 5 and Xbox Series X|S. Shares of GME rose modestly on the report, climbing 1.5% in regular trading and surging as much as 7% after hours to $25.29. The company now holds a market value of $10.55 billion, though its stock has been flat over the past year with short interest remaining elevated at 67.8 million shares, about 15% of the total float. Alongside its Bitcoin reserves, GameStop ended the quarter with $6.1 billion in cash and equivalents. Recent moves to bolster liquidity include a $270 million convertible bond raise and the wind-down of operations in Canada and France. Management is betting that streamlining operations while leaning on collectibles and digital assets will provide a more stable footing as traditional sales continue to soften. The strategy also puts GameStop in the company of other public firms using Bitcoin as a balance sheet hedge, further tying its performance to crypto market swings.…