US EditionGameStop Stock Falls After Bitcoin Holdings Lose Value, Firm Says It Could Sell BTC
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4 Articles
GameStop goes through an area of turbulence after having massively bet on Bitcoin. The video game retailer sees its cryptocurrency assets melt by $9.2 million in three months, resulting in its action in a fall of more than 5%. Faced with this disappointment, the company is now considering liquidating part of its digital assets. The article The fall of Bitcoin makes the GameStop action fall first appeared on Cointribune.
GameStop shares have fallen more than 20% since the company adopted Bitcoin for its financial balance at the beginning of the year. It still holds 4,710 BTC in its treasury despite paper losses. *** GameStop published its quarterly report, reporting a paper loss of its Bitcoin. Despite the red numbers, GameStop does not sell its bitcoins and maintains 4,710 BTC. Revenues fell but profits skyrocketed in the middle of the boom of collectibles. GME…
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