According to PANews, GameStop has disclosed its financial results for the second quarter, revealing its possession of 4,710 Bitcoin, valued at $529 million, with unrealized gains amounting to $28.6 million. The company reported a net loss of $18.5 million, which marks an improvement from the previous quarter. Revenue decreased to $674 million, attributed to declines in hardware and software sales, while the proportion of sales from collectibles increased. GameStop raised $270 million through convertible debt financing and sold its operations in Canada and France. By the end of the quarter, the company held $6.1 billion in cash and equivalents, excluding digital assets.

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