GameStop購買蘸醬，藏匿4,710比特幣（BTC）

儘管GameStop的收入無法滿足期望，但營業成本管理和自由現金流的改善表明了恢復的潛力。

GameStop Announces Purchase of 4,710 Bitcoin

GameStop宣布購買4,710個比特幣

A new ETF based on GameStop's bitcoin strategy is launched by Bitwise Asset Management.

基於GameStop的比特幣策略的新ETF由位資產管理啟動。

The video game retailer's revenue fell short of expectations.

視頻遊戲零售商的收入不超過預期。

GameStop's (NYSE:GME) first-quarter financial performance fell short of expectations as sales declined amid rising competition from digital and streaming game services. However, the company reported improvement in operating cost management and free cash flow, showcasing potential for recovery.

GameStop的（NYSE：GME）第一季度財務業績在數字和流媒體遊戲服務的競爭不斷增長的情況下，銷售額下降了。但是，該公司報告說，運營成本管理和自由現金流的改善，展示了恢復的潛力。

GameStop's Financial Performance Below Expectations

GameStop的財務績效低於期望

In the first quarter of 2025, GameStop reported revenue of $732.4 million, falling short of analysts' expectations of $754.2 million. Nonetheless, their earnings per share (EPS) came in at $0.09, surpassing analysts' predictions of $0.04. This signifies an improvement from the previous year, where GameStop experienced a negative operating margin.

在2025年第一季度，GameStop報告的收入為7.34億美元，跌至分析師期望為7.542億美元。儘管如此，他們的每股收益（EPS）為0.09美元，超過了分析師的預測0.04美元。這表明與上一年相比，GameStop經歷了負面的工作利潤率。

The operating margin has now improved from -5.7% in the first quarter of 2024 to -1.5% in the first quarter of 2025. This demonstrates GameStop's efforts in controlling operating costs and increasing efficiency.

現在的運營利潤率已從2024年第一季度的-5.7％提高到2025年第一季度的-1.5％。這表明GameStop在控制運營成本和提高效率方面所做的努力。

Furthermore, GameStop's free cash flow saw a significant shift from negative $114.7 million in the previous year to positive $189.6 million. This substantial improvement is driven by better management of working capital and investments.

此外，GameStop的自由現金流從上一年的1.147億美元轉變為正面的1.896億美元。這種實質性的改進是由更好地管理營運資金和投資的驅動的。

Bitcoin Asset Expansion by GameStop

GameStop擴展比特幣資產

GameStop has purchased 4,710 Bitcoin (BTC) at a current market value of about $516.6 million as part of their strategy to keep digital assets in the company’s coffers. This move follows in the footsteps of other companies such as Strategy that have invested heavily in Bitcoin (BTC).

GameStop以當前的市場價值購買了4,710比特幣（BTC），約為5.166億美元，作為其將數字資產保存在公司庫存中的策略的一部分。此舉是在其他公司（BTC）投資大量策略等其他公司的腳步之後。

This purchase not only shows GameStop's confidence in the long-term value of Bitcoin (BTC) but also an attempt at asset diversification and financial risk reduction.

這次購買不僅顯示了GameStop對比特幣（BTC）長期價值的信心，而且還嘗試了資產多元化和減少財務風險的嘗試。

With high market volatility, holding Bitcoin (BTC) could provide GameStop with significant profits if the price of Bitcoin (BTC) continues to rise.

由於市場波動率很高，如果比特幣（BTC）的價格繼續上漲，則持有比特幣（BTC）可以為GameStop提供可觀的利潤。

New ETF Based on GameStop's Bitcoin Strategy

基於GameStop的比特幣策略的新ETF

Bitwise Asset Management has launched a new ETF, the Bitwise GME Option Income Strategy ETF (IGME), which focuses on the volatility of GameStop shares and the growth potential of their investments in digital assets. The ETF is designed to provide income to investors through a covered call strategy, as well as exposure to GameStop's Bitcoin (BTC) holdings.

Bitwise Asset Management推出了新的ETF，即Bitwise GME期權收入策略ETF（IGME），該策略的重點是GameStop份額的波動及其在數字資產上投資的增長潛力。 ETF旨在通過有保障的呼叫策略為投資者提供收入，並接觸GameStop的比特幣（BTC）持有。

This ETF offers investors the opportunity to benefit from GameStop's strategy without having to directly buy shares or Bitcoin (BTC). This could be an attractive investment option for those seeking exposure to the crypto market through a more stable and diversified instrument.

該ETF為投資者提供了從GameStop的策略中受益的機會，而無需直接購買股票或比特幣（BTC）。對於那些通過更穩定和多元化的工具尋求接觸加密市場的人來說，這可能是一個有吸引力的投資選擇。

Conclusion

結論

Although GameStop faces challenges in sales and competition from digital and streaming game services, their move into Bitcoin (BTC) shows innovation and adaptation.

儘管GameStop在數字和流媒體遊戲服務的銷售和競爭中面臨挑戰，但它們進入比特幣（BTC）表現出創新和適應性。

With improved operating margins and free cash flow, as well as strategic investments in Bitcoin (BTC), GameStop may be on the right track for long-term recovery. This investment also indicates a shift in GameStop's strategy from a traditional gaming retailer to a company more focused on technology and financial innovation.

隨著營業利潤率和自由現金流的提高，以及對比特幣（BTC）的戰略投資，GameStop可能處於正確的長期恢復方面。這項投資還表明，GameStop的戰略從傳統的遊戲零售商轉變為更專注於技術和金融創新的公司。