GameStop holds $500 million in coins but loses nearly $10 million, with the stock price erasing 20% in three months

2025-12-11 00:42:18

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【Ledger】GameStop (GME) had a book value of $519.4 million in Bitcoin holdings at the end of the third quarter, but during this period, their digital asset account lost $9.2 million. Notably, they still hold 4,710 Bitcoins, the same number reported last quarter, with no increase or decrease.

However, market confidence in this company seems to be wavering. On Wednesday, the stock price dropped by 5.8%, mainly due to disappointing sales data that let investors down. What’s more, since their high-profile announcement to allocate Bitcoin back in March this year, the stock has shrunk by over 22%. Now, investors are facing two risks simultaneously: on one side, the volatility of the cryptocurrency market, and on the other, the ongoing sluggishness of the company’s core business. This dual pressure has led many shareholders to reevaluate whether this gamble is worth it.

BTC0.64%

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StealthMoon

· 12-11 01:12

Holding BTC and losing money, while the main business is still dying—this is the awkward situation GME is in right now. --- A $500 million BTC position can't even reverse the declining sales figures—ironic. --- Since March, it has fallen 22%. This Bitcoin allocation plan indeed seems to have bet on the wrong side. --- No buying or selling of coins, but the account is bleeding—what are they doing? --- A double blow—cryptocurrency volatility combined with sluggish business. Shareholders must be feeling very exhausted. --- Being optimistic about Bitcoin results but getting crushed by coins, and still worrying about the main business—it's really ridiculous.

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HalfIsEmpty

· 12-11 01:10

Losing money holding Bitcoin, is this the magic of GameStop? When the main business isn't doing well, they have to rely on trading cryptocurrencies to rescue the situation. This cracks me up.

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DegenTherapist

· 12-11 01:09

Ha, GME's move completely backfired... Holding a 500 million BTC position and still losing, hilarious. This is what you call "All In" consequences. --- With such a terrible core business, how dare they go all in on crypto? I swear these chairmen must be on medication. --- A 22% drop... from March until now? What else is this if not gambler's mentality? Bitcoin can't go up, and the main business is a dead end. --- 4710 BTC just held onto it stubbornly. Are they really not afraid of long nights and many dreams? Is this just anger or strategic? --- I just want to know whether these people truly believe in Bitcoin or just want to use it to hype stocks. Now the truth is clear. --- Talking about double pressure nicely; in plain words, it's just a wrong bet. The gaming industry itself is doomed. --- Is there still someone willing to keep buying GME? I just don't get this logic anymore, unless it's pure gambler's mentality. --- A 500 million dollar position losing 9.2 million... This is just the beginning, and it will keep falling. --- From the king of e-commerce to a gambling master, GameStop's turnaround is truly remarkable.

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AlphaLeaker

· 12-11 01:08

Holding 500 million coins but still losing money, GME's recent moves are really a bit disappointing. --- 500 million BTC can't save the core business, that's the most heartbreaking part. --- Since March, the stock price has dropped 22%. The money spent on buying BTC might as well be used to buy back shares. --- 4710 BTCs haven't moved at all, what does that mean? They're feeling guilty. --- Dual blow: crypto market volatility combined with declining core business. Shareholders are betting twice. --- A loss of 9.2 million isn't a big deal, but the real problem is that the main business is the true chronic illness. --- GME has really become a crypto gambler; is this still that gaming retailer? --- Rather than holding coins, it's more like using crypto to cover up core business problems.

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Rugman_Walking

· 12-11 01:07

Haha, GME's move this time is really incredible. Spending 500 million to buy Bitcoin ended up getting trapped, and their main business is still in decline. If this isn't gambling, what is?

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PerennialLeek

· 12-11 00:42

Holding 500 million in coins and still losing nearly 10 million, this tactic is brilliant. Are they really so bad at their main business that they have to rely on coins to save the situation? --- GME has bet everything on this; when the coins drop, the stocks fall too. Being caught in the middle, how ruthless must that be? --- That's 9.2 million USD just gone like that. I can't even earn my annual salary in a year, and it evaporates in the blink of an eye. --- Their main business is collapsing, yet they insist on getting involved in the crypto world. Isn't this asking for self-destruction? --- They hyped it up so fiercely in March this year, now they’re getting slapped in the face with a loud bang. The shareholders must be so frustrated. --- 4710 Bitcoin remain unchanged. Looks like they already gave up on operations; anyway, they’re at a loss. --- Under double pressure... I just want to ask, does anyone still believe in this company? --- Another traditional business fooled by the crypto world, sigh. --- A book value of 500 million but a loss of 9.2 million. The transparency is truly remarkable. --- Share price has evaporated by 20%. Investors should wake up; this isn't investing, it's gambling.

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