Key notes
- GameStop’s $500 million Bitcoin bet now stands at $519.4 million.
- At the end of the second quarter, the $500 million investment was worth $528 million.
- Bitcoin STH is in one of the worst loss zones of 2025.
Bitcoin from GameStop
BTC
$92,003
24h volatility:
0.9%
Market capitalization:
$1.84T
Flight. 24h:
$52.22 billion
The bet from earlier this year is being tested by the volatility of Bitcoin. The retailer’s Q3 report shows that its $500 million BTC purchase in May now stands at $519.4 million, after touching $528.6 million at the end of the second quarter.
The unrealized profit of around $19 million comes after an unrealized loss of $9.4 million when the leading digital asset crashed to $80,000. GameStop confirmed that it made no additional purchases or sales during the third quarter.
BREAKING🚨 GameStop Posts Third-Quarter Profit of $77.1 Million on Revenue of $821 Million
Bitcoin holdings reach $519.4 million $GME pic.twitter.com/hY9pKMSwJX
– X Market News🚨 (@xMarketNews) December 9, 2025
Bitcoin’s Rally and GameStop’s Treasury Bet
Bitcoin’s rise in 2025 is the result of President Donald Trump’s pro-crypto stance and lighter regulatory pressure. GameStop joined companies like MetaPlanet, Trump Media & Technology Group and Strategy.
Importantly, the largest DAT company, Strategy, is now worth less than the value of its own BTC holdings.
Interestingly, GameStop’s BTC position lost significant value following the October 10 crash that wiped out approximately $19 billion in leveraged crypto trades.
GameStop reported adjusted earnings of $0.24 per share and beat expectations by $0.20, well above last year’s $0.06. But revenue disappointed at $821 million compared to the forecast $987.3 million, a 4.6% year-over-year decline.
Cost reduction contributed to improved profits. Selling and administrative expenses fell to $221.4 million from $282 million last year, helping to generate adjusted operating profit of $52.1 million.
Short-term holders suffer the worst losses
CryptoQuant data shows that short-term holders are in one of the worst loss zones of 2025. Many recent buyers are underwater, with the average recent buyer now below their cost basis.
The short-term Bitcoin holder has made profits and losses. | Source: CryptoQuant
This pain keeps near-term selling pressure high and limits Bitcoin’s attempts to move significantly above $90,000. Analysts note that these significant loss phases usually appear in the later stages of corrections.
Whether traders reduce risk or use this window to create new entries depends on their tolerance for volatility, analysts say.
As previously reported, institutional interest continues with $151 million in BTC spot ETF inflows.
following
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article is intended to provide accurate and current information, but should not be considered financial or investment advice. Because market conditions can change quickly, we encourage you to verify the information for yourself and consult a professional before making any decisions based on this content.
A crypto journalist with over 5 years of industry experience, Parth has worked with leading media outlets in the crypto and finance world, gaining experience and expertise in the field after surviving both bear and bull markets over the years. Parth is also the author of 4 self-published books.
Parth Dubey on LinkedIn
