The video game sales company indicates a drop in its revenues from 17% to $ 732.4 million in the first quarter of this year, which resulted in a drop in the price of its share of 4.6% outside of regular negotiation hours.
Gamesop video games – which is considered a basic name that appeared during the wave of obsession for M and Bitcoin -Btc worth $ 515 million, strengthened it by turning into digital active ingredients with the continuous decline of its commercial activities. During the period between May 3 and June 10, the company bought 4,710 BTC currencies, and this stage comes after the decision of the Gamestop Board of Directors adopted Bitcoin adopted one of its reserve assets.
On the other hand, this announcement comes after the disappointing decline in the company’s revenues in the first quarter of this year from 17% to $ 732.4 million, compared to $ 881.8 million last year, which resulted in a drop in the price of GameStop of 4.6% outside of normal negotiation hours.
GameStop is struggling to keep up with the rate of digital games growth
Jim Stop – which is based on Grapevin in Texas – has faced large obstacles to keeping up the transformation of the games sector of digital games, with 32% new sales and accessories of equipment.
$ GME Just in
“Gamesop bought 4,710 bitcoin between May 3, 2025 and June 10, 2025 for money.”
This means that Bitco was not part of the Q1 balance sheet or earnings. It will be recognized in T2 20125.
No bitcoin on the balance sheet. pic.twitter.com/iea9x7zism– han akamatsu 赤松 (@han_akamatsu) June 10, 2025
Despite efforts to improve its position in electronic commerce and digital games, the company has not yet managed to considerably compensate for the continuous decline in traditional game sales.
GameStop adds Bitcoin to a long -term list of assets
This is not the first experience of the company in the digital currency sector. In 2022, GameStop launched a digital portfolio to take advantage of the third web (web3), but he closed the project after a year, justifying this step by not clarifying regulatory laws. However, its latest investment in Bitcoin helps improve the position of this currency as one of the long -term strategic assets. The company said that it could use some of its cash reserves or debt yields and future scholarship sales to increase its BTC property.
This last step is similar to the microstrategy strategy which bought large amounts of bitcoin in its budgetary state, and this company was attached to this company, 80 joint public companies, such as Trump Media.
The transition to digital currencies reflects GameStop efforts to develop
It seems that the adoption of Bitcoin by Jim Stop is a financial investment and a reference to the basis of its user base based on the user which generally expresses a great interest in games related to digital currencies. However, investors wanted to be careful, the price of Gamesop 20% in a few days after the announcement, indicating that investors are not sure. Although some see that the purchase of Bitcoin Currencs aims to divert the attention of operational obstacles, others think that this step is a daring attempt to prioritize the digital sector, the Games sector in general turning into live dissemination and downloadable content.
Given that traditional American games have closed their stores and a decrease in sales of these games, GameStop in Bitcoin can allow a means of diversifying the financial investments of the company, but it is not certain that this investment contributes to increasing its profits.
The Post-Gamestop company buys 4,710 pieces of Bitcoin within 5 weeks, what are the possible gains? APPLERDIRST on Arab Cryptonews.