Data: GameStop Q2 loss narrows, discloses holding of 4,710 bitcoins

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.