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GameStop Stock Rises as Earnings Top Estimates, Company Buys Bitcoin

Michael Nagle / Bloomberg / Getty Images Despite today’s rise, shares of Gamestop, perhaps best-known as one of the original meme stocks, have lost a fifth of their value so far this year. Key Takeaways GameStop's second-quarter results exceeded analysts' estimates on strong sales of hardware and collectibles. The video game retailer also announced it had purchased 4,710 bitcoin in the quarter, with a value of $528.6 million as of Aug. 2, when the quarter ended. GameStop will distribute a special div ...