GameStop reported strong results for the second quarter of 2025 after revealing a $528.6 million Bitcoin stash that added $28.6 million in gains. The company said its Bitcoin holdings were valued using Coinbase prices, confirming its place among public firms using crypto as part of their strategy.
The company posted net income of $168.6 million on sales of $972.2 million, compared with $14.8 million the year before. In another filing, it also disclosed a narrower loss of $18.5 million on revenue of $674 million. GameStop explained the difference by noting adjustments from divestitures, asset charges, and unrealized crypto gains.
Collectibles rose 63% as fans snapped up trading cards, merchandise, and exclusive game tie-ins. Hardware sales improved thanks to demand for the Nintendo Switch 2, PlayStation 5, and Xbox Series X|S. Software sales, however, declined as buyers showed less interest in new titles during the quarter.
GameStop stock jumped 7% in after-hours trading to $25.29, pushing its market value to $10.55 billion. The company noted that shares remain volatile as short interest stands at 15% of total stock. Despite the mixed trend over the past year, investors responded positively to the latest update.
Meanwhile, GameStop added $270 million from convertible bonds and left its operation in Canada and France to focus on stronger markets. Cash reserves now stand at $6.1 billion excluding crypto holdings. GameStop also said it aims to raise $1.75 billion from investors, a move that has fueled talk of further Bitcoin purchases.
Notably, the company’s approach mirrors other public companies that have added Bitcoin to their balance sheets. The company noted this reflects a growing use of digital assets in corporate finance.
As GameStop stated in its filing, “Our treasury management strategy includes digital assets that we believe provide long-term growth potential.”
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