GameStop (GME) has reported its new Bitcoin (BTC) holdings alongside its first-quarter financial results.
The Texas-based video game retailer announced earnings per share (EPS) of $0.09 U.S., which was ahead of the $0.04 U.S. consensus expectation of analysts.
However, revenue for the quarter came in at $732.4 million U.S., which fell short of the consensus Wall Street estimate of $754.2 million U.S.
The company also reported an improved operating margin of -1.5%, which was up from -5.7% in the same quarter of 2024.
GameStop’s free cash flow at the end of the quarter totaled $189.6 million U.S., which was a big improvement from negative -$114.7 million U.S. a year ago.
Along with its financial results, GameStop disclosed that it bought 4,710 Bitcoins between May 3 and June 10 of this year.
It’s not known what the average purchase price of the Bitcoin was. However, GameStop’s BTC holdings are currently worth $516.6 million U.S. based on the current price of Bitcoin.
GameStop announced previously that it planned to begin buying and holding cryptocurrencies, adopting a similar playbook to software developer turned serial BTC acquirer Strategy (MSTR).
The company made its first Bitcoin investment in May of this year.
The stock of GameStop has declined 2% in 2025 to trade at $30.15 U.S. per share.
