PANews reported on December 11th that, according to CoinDesk, GameStop (stock code GME) held $519.4 million worth of Bitcoin as of the end of the third quarter (November 1st), although the company recorded a loss of $9.2 million on its digital asset holdings during this period. Furthermore, according to official documents verified by PANews , GameStop still held 4,710 Bitcoins at the end of the third quarter, unchanged from the data reported in its second-quarter financial report .

Shares of GameStop fell 5.8% on Wednesday after sales figures missed investor expectations. Since announcing its Bitcoin plans in March, the company's stock has fallen more than 22%, as investors weigh the risks of holding cryptocurrency against the impact of weak performance in the company's core business.