GameStop Reports $9.4 Million Bitcoin (BTC) Loss in Q3 2024

Video game retailer GameStop has disclosed a significant financial loss from its Bitcoin holdings. In its third-quarter 2024 earnings report, the company recorded a net loss of $9.4 million attributed to its BTC investments. This loss highlights the volatility and risks associated with corporate cryptocurrency holdings. Despite this setback, GameStop's core retail business performance was also detailed in the filing. The report underscores the impact of crypto market fluctuations on traditional companies that diversify into digital assets like Bitcoin.