GameStop's move to add bitcoin as a treasury asset turns 1. It hasn't paid off yet.

GameStop recorded a more than $130 million loss on its digital assets last year as it marks one year since it began holding bitcoin as a treasury asset. The crypto-related mark-to-market loss is a material hit to reported results and could pressure short-term earnings and the firm's treasury valuation, with likely impact limited to GameStop equity rather than broader markets.

Analysis

GameStop recorded a more than $130 million loss on its digital assets last year as it marks one year since it began holding bitcoin as a treasury asset. The crypto-related mark-to-market loss is a material hit to reported results and could pressure short-term earnings and the firm's treasury valuation, with likely impact limited to GameStop equity rather than broader markets.