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GameStop Reports $9.4M Bitcoin Paper Loss in Q3

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GameStop reported a $9.4 million Bitcoin price-related paper loss in Q3, citing BitcoinWorld. The retailer bought 4,710 BTC in May and has held since, with no new transactions. The loss reflects the drop in Bitcoin price today compared to the purchase value. No cash has changed hands. The company’s strategy remains a hold, with no further moves reported. The move highlights the risks of corporate crypto holdings amid ongoing Bitcoin price prediction uncertainty.
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