GameStop's $500 million Bitcoin bet is causing the company to experience significant volatility

BlockBeats News, December 10 — Listed company GameStop invested $500 million in Bitcoin during this spring, and now this asset is causing the company significant volatility. According to the company’s Q3 financial report released on Tuesday, the position was valued at approximately $519 million at the end of September, resulting in an unrealized profit of over $19 million. However, at the end of Q2, this holding once rose to $528 million, but later declined due to price drops, recording an unrealized loss of $9.4 million. During Q3, GameStop did not increase or sell any Bitcoin. By 2025, under the influence of crypto-friendly policies in the US, Bitcoin reached new highs repeatedly. However, the crash on October 10 caused prices to fall about 30% from their high of the year, shaking the industry as a whole. During this crash, approximately $19 billion in leveraged crypto positions were liquidated, and several listed companies that benefited from the bull market began to show signs of pressure. Besides GameStop, non-crypto companies also made large Bitcoin purchases this year, including Japan’s hotel operator MetaPlanet and Trump Media & Technology Group under Trump. This trend has been supported by President Trump’s executive orders, which strengthened the strategic position of crypto assets within his government and promoted a “light regulation” framework by regulators. As the market weakens, the financial performance of these companies is facing severe challenges.