BlockBeats News, December 10 — Listed company GameStop invested $500 million in Bitcoin during this spring, and now this asset is causing the company significant volatility. According to the company’s Q3 financial report released on Tuesday, the position was valued at approximately $519 million at the end of September, resulting in an unrealized profit of over $19 million. However, at the end of Q2, this holding once rose to $528 million, but later declined due to price drops, recording an unrealized loss of $9.4 million. During Q3, GameStop did not increase or sell any Bitcoin. By 2025, under the influence of crypto-friendly policies in the US, Bitcoin reached new highs repeatedly. However, the crash on October 10 caused prices to fall about 30% from their high of the year, shaking the industry as a whole. During this crash, approximately $19 billion in leveraged crypto positions were liquidated, and several listed companies that benefited from the bull market began to show signs of pressure. Besides GameStop, non-crypto companies also made large Bitcoin purchases this year, including Japan’s hotel operator MetaPlanet and Trump Media & Technology Group under Trump. This trend has been supported by President Trump’s executive orders, which strengthened the strategic position of crypto assets within his government and promoted a “light regulation” framework by regulators. As the market weakens, the financial performance of these companies is facing severe challenges.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
West Main Self Storage Increases Bitcoin Holdings by 0.13 BTC to 4.317 BTC
Gate News message, April 23 — West Main Self Storage increased its Bitcoin holdings by 0.13 BTC, bringing its total holdings to 4.317 BTC, according to BitcoinTreasuries.NET data.
GateNews16m ago
Traditional Finance Will Accelerate Entry Into Crypto Market, Says Economist Fu Peng
Gate News message, April 23 — Fu Peng, chief economist of Xinfire Group, shared his outlook on the convergence of traditional finance and crypto assets during the 2026 Hong Kong Institutional Digital Wealth Management Summit. According to Fu, the integration of traditional financial institutions wit
GateNews35m ago
BTC Dominance Rising, SMAs Bearish — Top 5 Coins to Watch While the Market Waits
The altcoins are still below the major moving averages indicating low overall market momentum.
The increasing Bitcoin dominance still restricts capital flows into altcoins.
Before anticipating a lasting increase in the altcoins, technical confirmation is still important.
The
CryptoNewsLand1h ago
Bitcoin Spot ETFs See $331.9M Net Inflows, BlackRock IBIT Leads with $246.9M
Gate News message, April 23 — Bitcoin spot ETFs recorded net inflows of $331.9 million yesterday (April 22), according to Trader T. BlackRock's IBIT led all funds with $246.9 million in inflows, accounting for approximately 74% of total daily inflows.
Fidelity FBTC added $56.69 million, Bitwise BIT
GateNews1h ago
Whale Address "Strategy Counterparty" Opens 166.1 BTC Short at 40x Leverage After $10M Loss
Gate News message, April 23 — A whale address known as "Strategy Counterparty" continued building a 40x leveraged short position on Bitcoin today, opening 166.1 BTC shorts worth approximately $12.97 million at an average price of $78,268, according to Hyperinsight monitoring. The liquidation price s
GateNews2h ago
