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 500millionBTCpurchasefromMaynowsitsat500 million BTC purchase from May now sits at 519.4 million, after touching 528.6millionattheendofQ2.Theunrealizedprofitofroughly528.6 million at the end of Q2. The unrealized profit of roughly 19 million comes after an unrealized loss of 9.4millionwhentheleadingdigitalassetcrashedto9.4 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 ...