Stock

GameStop’s stock fell after disappointing quarterly earnings, and the company revealed it might sell its bitcoin holdings due to a decline in their value. The bitcoin purchase, made earlier this year, has underperformed, and the company’s core business is also struggling.

Strategy, the largest corporate holder of Bitcoin, is facing intense pressure as its stock has plummeted over 40% in a week. The decline, outpacing Bitcoin’s own losses, raises concerns about Michael Saylor’s high-stakes strategy and potential exclusion from major stock indices.