GameStop Incurs Net Loss of $131.6 Million After Staking 4,709 BTC

Odaily News, analyst Emmett Gallic posted on X, stating that GameStop spent $500 million in May 2025 to purchase 4,710 BTC. In January of this year, GameStop staked 4,709 BTC with Coinbase Credit as collateral for covered call options, derecognized this portion of BTC, and recorded it as $368.3 million in accounts receivable, resulting in a net loss of $131.6 million. Since the staking, Bitcoin's price has fallen by approximately 25%.