GameStop’s Bitcoin Bag Gets Lighter as BTC Struggles Above $90K

GameStop’s Bitcoin bet from earlier this year is being tested by Bitcoin’s volatility. The retailer’s Q3 report shows that its $500 million BTC purchase from May now sits at $519.4 million, after touching $528.6 million at the end of Q2. The unrealized profit of roughly $19 million comes after an unrealized loss of $9.4 million when the leading digital asset crashed to $80K. GameStop confirmed it made no additional buys or sales during Q3. Bitcoin’s Rally and GameStop’s Treasury Bet Bitcoin’s surge in ...