GameStop Discloses Purchase of 4710 BTC and Reports Profit in Q2 2025

American video game retailer GameStop published its financial report for the second quarter of 2025 (ended August 2), showing a significant strengthening of key indicators and disclosing information about cryptocurrency reserves for the first time.

In May, the company purchased 4710 BTC worth about $500 million. By the end of the reporting period, their value had reached $528.6 million, providing an unrealized profit of $28.6 million. GameStop uses Coinbase quotes to assess the fair value of the asset.

Thus, the retailer became one of the largest public holders of bitcoin, ranking 20th in the Bitcoin Treasuries list. The nearly 18% increase in BTC price since May positively impacted the company’s balance sheet.

In addition to crypto assets, GameStop’s operational metrics also improved:

• net sales amounted to $972.2 million compared to $798.3 million a year earlier;
• operating profit was $66.4 million, whereas a loss of $22 million was recorded for the same period in 2024;
• net profit rose to $168.6 million, significantly exceeding the $14.8 million figure from a year earlier.

Separately, the company noted a reduction in operating expenses to $218.8 million from $270.8 million last year. The collectibles segment remained an important revenue driver — collector cards and pop culture merchandise accounted for nearly a third of sales.