GameStop Faces Volatility After Bitcoin Investment

According to BlockBeats, GameStop, a publicly traded company, invested $500 million in Bitcoin earlier this year, leading to significant financial fluctuations. The company's third-quarter financial report, released on Tuesday, revealed that the Bitcoin holdings had a book value of approximately $519 million at the end of September, resulting in over $19 million in unrealized profits. However, by the end of the second quarter, the value of these holdings had risen to $528 million, only to record an unrealized loss of $9. 4 million due to a price decline source: https://www.binance.com/en/square/post/33523630187401?utm_source=BinanceNewsRSS