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GameStop Q2 losses narrowed, disclosing holdings of 4710 Bitcoins.
Odaily News GameStop reported a net loss of $18.5 million in the second quarter, significantly narrowing from a profit of $44.8 million in the previous quarter. Revenue fell to $673.9 million, dragged down by a decline in hardware and software sales, but sales of collectibles rose. The company purchased 4,710 Bitcoins this quarter at a cost of $500 million, with an end-of-period valuation of $528.6 million, resulting in an unrealized gain of $28.6 million, making it one of the few publicly traded companies involved in digital assets. (Decrypt)

