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đ¨GameStop Stock Falls After Bitcoin Holdings Lose Value, Firm Says It Could Sell BTC
đVideo game retailer GameStop's stock has fallen more than 3% so far on Wednesday after the company revealed that its quarterly sales and profits were stagnantâand that its Bitcoin treasury has dropped in value alongside BTCâs sinking price.
GameStop bought $512 million worth of Bitcoin in May, making it one of the many publicly traded U.S. companies adopting digital asset treasuries. GME shares had been on a gradual 30% decline since that moment until its late Tuesday earnings call, from $33 to $23.35.#BinanceBlockchainWeek
