GameStop reported a $9.2 million loss on its Bitcoin holdings in the third quarter, leading to a 5.8% drop in its stock price, which fell below $24. The company is considering selling part of its 4,710 Bitcoin to mitigate further losses. Despite achieving a $77.1 million net profit and a 675% increase in EBITDA, GameStop's stock is under pressure due to the broader cryptocurrency market downturn. Other companies with Bitcoin in their treasuries, like Metaplanet, are also experiencing significant unrealized losses.
GameStop Faces $9.2M Bitcoin Loss in Q3, Stock Falls 5.8%
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