Public companies bought more bitcoin than ETFs did for the third quarter in a row
Written by Emily J. Thompson, Senior Investment Analyst
Source: Newsfilter
Public Companies and Bitcoin Holdings: Public companies increased their bitcoin holdings by 18% in the second quarter, surpassing ETFs for the third consecutive quarter, as they adopt strategies to enhance shareholder value through bitcoin treasury management.
Future of Bitcoin Treasury Strategy: Analysts predict that the trend of companies committing to bitcoin treasury strategies may decline over the next decade due to market saturation and normalization of bitcoin, potentially leading to a shift in how companies manage their treasury assets.
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Analyst Views on GME
About GME
GameStop Corp. offers games and entertainment products through its stores and ecommerce platforms. The Company operates in four geographic segments: United States, Canada, Australia and Europe. Each segment consists primarily of retail operations, with the significant majority focused on games, entertainment products and technology. The Company has a total of approximately 3,203 stores across all of its segments: 2,325 in the United States, 193 in Canada, 374 in Australia, and 311 in Europe. Its stores and ecommerce sites operate primarily under the names GameStop, EB Games and Micromania. Its Australia and Europe segments also include 38 pop culture-themed stores selling collectibles, apparel, gadgets, electronics, toys and other retail products for technology enthusiasts and general consumers in international markets operating under the Zing Pop Culture brand. Its retail stores are generally located in strip centers, shopping malls and pedestrian areas.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
GameStop Considers Acquiring Retail Company to Revive Business
- Acquisition Strategy: GameStop CEO Ryan Cohen stated in a Wall Street Journal interview that the company is considering acquiring a retail firm to leverage its growing cash reserves, aiming to revive the business and boost stock prices by reducing its physical store footprint.
- Shareholder Confidence: Noted investor Michael Burry expressed support for Cohen's acquisition strategy, revealing a long position in GameStop and suggesting the company should consider spending over $10 billion to acquire a quality business for long-term transformation.
- Financial Performance: GameStop's stock declined 36% in 2025, although it has risen nearly 14% in early 2024, yet investors remain cautious about the company's turnaround amid weakening core business and store closures.
- Market Sentiment: Despite challenges, GameStop's cost-cutting measures, expansion into new areas, and a cash reserve that includes nearly 5,000 bitcoins are viewed positively, with the stock trending among the top five tickers on Stocktwits and receiving an 'extremely bullish' sentiment rating, indicating market optimism for its future.
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GameStop Shares Dip as Investors Reassess Bullish Sentiment
- Price Decline Reason: GameStop shares fell 2.24% to $23.11 on Thursday, primarily due to profit-taking by investors after a week of volatility, indicating a rapid shift in market sentiment.
- Investor Sentiment Shift: The bullish commentary from famed investor Michael Burry and insider buying by CEO Ryan Cohen had previously driven the stock higher, but as short-term optimism fades, investors are reassessing whether these factors can translate into tangible business catalysts.
- Technical Indicator Analysis: While GameStop is currently trading 6.3% above its 20-day and 0.5% above its 100-day simple moving averages, the stock has decreased approximately 16.40% over the past 12 months, suggesting potential volatility risks in the short term.
- Benzinga Edge Score: GameStop's Benzinga Edge score reveals a mixed outlook, with a growth rank of 96.18 indicating strong growth potential, yet a momentum rank of only 21.53 suggests the stock may struggle to maintain its upward trajectory.
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