TechFlow news, June 11 — According to Reuters, game retailer GameStop purchased 4,710 bitcoins as treasury reserve assets between May 3 and June 10. The company previously announced in March this year that its board had approved the adoption of bitcoin as a treasury reserve asset.
Despite GameStop's first-quarter revenue declining 17% year-on-year to $732.4 million, the company reported a net profit of $44.8 million, a significant improvement compared to a net loss of $32.3 million during the same period last year.
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