Key Notes
- GameStop’s $500M Bitcoin bet now sits at $519.4M.
- By Q2-end, the $500M investment was worth $528M.
- Bitcoin STH is in one of 2025’s worst loss zones.
GameStop’s Bitcoin
BTC
$94 253
24h volatility:
1.0%
Market cap:
$1.86 T
Vol. 24h:
$49.47 B
bet from earlier this year is being tested by Bitcoin’s volatility. The retailer’s Q3 report shows that its $500 million BTC purchase from May now sits at $519.4 million, after touching $528.6 million at the end of Q2.
The unrealized profit of roughly $19 million comes after an unrealized loss of $9.4 million when the leading digital asset crashed to $80K. GameStop confirmed it made no additional buys or sales during Q3.
Bitcoin’s Rally and GameStop’s Treasury Bet
Bitcoin’s surge in 2025 was a result of President Donald Trump’s pro‑crypto stance and lighter regulatory pressure. GameStop joined firms like MetaPlanet, Trump Media & Technology Group, and Strategy.
It is important to note that the largest DAT company, Strategy, is now worth less than the value of its own BTC holdings.
Interestingly, GameStop’s BTC position lost major value following the October 10 crash that wiped out about $19 billion in leveraged crypto trades.
GameStop posted adjusted earnings of $0.24 per share and beat expectations of $0.20 and far above last year’s $0.06. But revenue disappointed at $821 million compared to the forecasted $987.3 million, a 4.6% year‑over‑year decline.
Cost‑cutting powered the earnings improvement. SG&A expenses dropped to $221.4 million from $282 million last year, helping produce $52.1 million in adjusted operating income.
Short-Term Holders Seeing Worst Losses
CryptoQuant data shows short‑term holders in one of the worst loss zones of 2025. Many recent buyers are underwater, with the average recent buyer now sitting below their cost basis.
Bitcoin short-term holder realized profit and loss. | Source: CryptoQuant
That pain keeps short‑term selling pressure high and is capping Bitcoin’s attempts to break cleanly above $90,000. Analysts note that such deep‑loss phases usually appear in the later stages of corrections.
Whether traders reduce risk or use this window to build new entries depends on their tolerance for volatility, analysts said.
As reported earlier, institutional interest continues with $151 million in BTC spot ETF inflows.
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Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
A crypto journalist with over 5 years of experience in the industry, Parth has worked with major media outlets in the crypto and finance world, gathering experience and expertise in the space after surviving bear and bull markets over the years. Parth is also an author of 4 self-published books.
Parth Dubey on LinkedIn
Source: https://www.coinspeaker.com/gamestops-bitcoin-bag-gets-lighter-as-btc-struggles-above-90k/
