GameStop incurred a loss of $9.4 million from Bitcoin in the third quarter.

GameStop (GME) announced that as of the end of the third quarter of 2023 (November 1), the value of its Bitcoin assets was $519.4 million. However, due to a decline in Bitcoin prices during this period, the company recorded a loss of $9.2 million.

Following the third quarter report, GameStop shares lost 5.8 percent in value on Wednesday.