GameStop incurs a net loss of $131.6 million after pledging 4,709 BTC

SmartContractAuditor · 2026-03-25T03:33:17+00:00

Analyst Emmett Gallic stated that GameStop spent $500 million to purchase 4,710 Bitcoin in May 2025, subsequently staking 4,709 Bitcoin on Coinbase Credit, resulting in confirmed accounts receivable of $368.3 million, net loss of $131.6 million, during which Bitcoin price declined approximately 25%.

SmartContractAuditor

2026-03-25 03:33:17

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Odaily Planet Daily reports that analyst Emmett Gallic posted on X platform that GameStop invested $500 million to purchase 4,710 BTC in May 2025. In January of this year, GameStop pledged 4,709 BTC to Coinbase Credit as collateral for covered call options, terminating the recognition of this portion of BTC and recording $368.3 million in accounts receivable, with a net loss of $131.6 million. Since the pledge, Bitcoin prices have fallen approximately 25%.

BTC2,21%

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