GameStop购买蘸酱，藏匿4,710比特币（BTC）

尽管GameStop的收入无法满足期望，但营业成本管理和自由现金流的改善表明了恢复的潜力。

GameStop Announces Purchase of 4,710 Bitcoin

GameStop宣布购买4,710个比特币

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

基于GameStop的比特币策略的新ETF由位资产管理启动。

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

视频游戏零售商的收入不超过预期。

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）第一季度财务业绩在数字和流媒体游戏服务的竞争不断增长的情况下，销售额下降了。但是，该公司报告说，运营成本管理和自由现金流的改善，展示了恢复的潜力。

GameStop's Financial Performance Below Expectations

GameStop的财务绩效低于期望

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报告的收入为7.34亿美元，跌至分析师期望为7.542亿美元。尽管如此，他们的每股收益（EPS）为0.09美元，超过了分析师的预测0.04美元。这表明与上一年相比，GameStop经历了负面的工作利润率。

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.

现在的运营利润率已从2024年第一季度的-5.7％提高到2025年第一季度的-1.5％。这表明GameStop在控制运营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的自由现金流从上一年的1.147亿美元转变为正面的1.896亿美元。这种实质性的改进是由更好地管理营运资金和投资的驱动的。

Bitcoin Asset Expansion by GameStop

GameStop扩展比特币资产

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以当前的市场价值购买了4,710比特币（BTC），约为5.166亿美元，作为其将数字资产保存在公司库存中的策略的一部分。此举是在其他公司（BTC）投资大量策略等其他公司的脚步之后。

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.

这次购买不仅显示了GameStop对比特币（BTC）长期价值的信心，而且还尝试了资产多元化和减少财务风险的尝试。

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

由于市场波动率很高，如果比特币（BTC）的价格继续上涨，则持有比特币（BTC）可以为GameStop提供可观的利润。

New ETF Based on GameStop's Bitcoin Strategy

基于GameStop的比特币策略的新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期权收入策略ETF（IGME），该策略的重点是GameStop份额的波动及其在数字资产上投资的增长潜力。 ETF旨在通过有保障的呼叫策略为投资者提供收入，并接触GameStop的比特币（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.

该ETF为投资者提供了从GameStop的策略中受益的机会，而无需直接购买股票或比特币（BTC）。对于那些通过更稳定和多元化的工具寻求接触加密市场的人来说，这可能是一个有吸引力的投资选择。

Conclusion

结论

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

尽管GameStop在数字和流媒体游戏服务的销售和竞争中面临挑战，但它们进入比特币（BTC）表现出创新和适应性。

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.

随着营业利润率和自由现金流的提高，以及对比特币（BTC）的战略投资，GameStop可能处于正确的长期恢复方面。这项投资还表明，GameStop的战略从传统的游戏零售商转变为更专注于技术和金融创新的公司。