GameStop Shares Dip After-Hours Despite Bitcoin Investment
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jun 11 2025GameStop's Earnings Report: GameStop Corp reported a revenue of $732.4 million for the first quarter, falling short of analysts' expectations and marking a 17% decline year-over-year, despite achieving a net income of $44.8 million compared to a loss last year.
Bitcoin Investment Strategy: The company has entered the Bitcoin market by purchasing 4,710 BTC worth approximately $513 million, financed through a convertible notes offering, while maintaining a strong cash position of $6.4 billion, indicating a shift in its financial strategy amidst ongoing challenges in the retail gaming sector.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
