{"id":2442,"date":"2025-06-08T16:42:06","date_gmt":"2025-06-08T16:42:06","guid":{"rendered":"https:\/\/bitunikey.com\/news\/gamestop-earnings-preview-new-bitcoin-game-plan-faces-first-test\/"},"modified":"2025-06-08T16:42:08","modified_gmt":"2025-06-08T16:42:08","slug":"gamestop-earnings-preview-new-bitcoin-game-plan-faces-first-test","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/gamestop-earnings-preview-new-bitcoin-game-plan-faces-first-test\/","title":{"rendered":"GameStop earnings preview: New Bitcoin game plan faces first test"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">GameStop stock price will be in the spotlight this week as the company publishes its first earnings since it started buying Bitcoin.<\/p>\n<p>GameStop stock ended the week at $29.58, down 16% from its highest point this year. Its market capitalization is over $13 billion.\u00a0<\/p>\n<p>Wall Street analysts expect the company\u2019s core business results to show sustained weakness as more customers pivot towards online games. Data compiled by Yahoo Finance show that revenue will be $754 million, down by 14.47% from the same period last year.\u00a0<\/p>\n<p>Analysts also expect its guidance for the second quarter to be $748 million, down 6.28% year over year. The estimate for its annual revenue is $3.56 billion and $3.13 billion next year.\u00a0<\/p>\n<p>These numbers will represent a continuation of what has been happening. GameStop\u2019s annual revenue moved from $6 billion in 2022 to $5.27 billion in 2023 and $3.8 billion last year.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Analysts expect that GameStop\u2019s core business may face <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/seekingalpha.com\/article\/4772783-gamestop-has-a-unique-ability-to-deploy-its-cash-unlike-any-other-investment-fund#source=section%3Asummary%7Csection_asset%3Aall_analysis%7Cfirst_level_url%3Asymbol%7Cbutton%3ATitle%7Clock_status%3ANo%7Cline%3A5\" target=\"_blank\" rel=\"nofollow\">extinction<\/a> as the video game industry changes. This explains why the company decided to emulate Strategy, a company whose valuation has jumped to over $100 billion because of its Bitcoin (BTC) holdings.\u00a0<\/p>\n<p>GameStop has become one of the biggest Bitcoin holders. It holds 4,710 coins valued at over $497 million, and the management hopes to continue purchasing.<\/p>\n<p>GameStop has room to boost its Bitcoin holdings because of its strong balance sheet. It ended the last quarter with over $4.7 billion in cash, short-term investments, and no debt. Its equity valuation of over $13 billion also gives itthe flexibility to sell shares to fund these purchases.\u00a0<\/p>\n<p>The company\u2019s Bitcoin holdings to market cap are 3.76% (in contrast, Michael Saylor\u2019s Strategy is 58%).\u00a0<\/p>\n<h2 class=\"wp-block-heading\">GME stock price analysis<\/h2>\n<figure class=\"wp-block-image size-full\"><picture loading=\"lazy\" decoding=\"async\" class=\"wp-image-14386859\"><source type=\"image\/webp\" ><\/source><\/p>\n<\/picture><figcaption class=\"wp-element-caption\">GameStop stock chart | Source: <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/NYSE-GME\/\" target=\"_blank\">TradingView\u00a0<\/a><\/figcaption><\/figure>\n<p>The daily chart shows that the GME share price has retreated since it started implementing its Bitcoin strategy.\u00a0<\/p>\n<p>It moved from $35 in May to $29.58. This price is inside the ascending channel connecting the highest and lowest swings since May last year.\u00a0<\/p>\n<p>The stock remains above the 50-day and 100-day moving averages, a bullish thing.\u00a0<\/p>\n<p>GME stock\u2019s outlook is neutral ahead of its first quarter fiscal 2025 results, set to be released after the market closes on Tuesday, June 10.<\/p>\n<p>The key levels to watch will be the psychological point at $20 and the resistance point at $35.78.\u00a0<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>GameStop stock price will be in the spotlight this week as the company publishes its first earnings since it started buying Bitcoin. GameStop stock ended the week at $29.58, down&hellip;<\/p>\n","protected":false},"author":1,"featured_media":2443,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2442","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/2442","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=2442"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/2442\/revisions"}],"predecessor-version":[{"id":2444,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/2442\/revisions\/2444"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/2443"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=2442"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=2442"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=2442"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}