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GME
Jan 31, 2026
₿
$70,721.01
▼ 2.99%
GameStop Corp.
GME
🇺🇸
Leveraged
GameStop is a video game retailer that added Bitcoin as a treasury reserve asset in 2025.
BTC Holdings
325,647
4,710 BTC
Insufficient history
Stock Price
$23.22
180d
Total financing
$8.0M
4.20B USD
Insufficient history
mNAV
diluted
4.65x
41.27x
180d
More metrics
Leverage
96.6%
0.0%
180d
BTC Credit
0 bps
>10x
Sats/Share
796
180d
Mkt cap
FD
$9.2M
13.75B USD
Shares
FD
$3.9M
592.02M
Fiat reserve
6.30B USD
Total reserve
6.64B USD
Dilution
65.5%
32.0%
Analytics
90d
1Y
All
90d
1Y
All
90d
1Y
All
90d
1Y
All
90d
1Y
All
90d
1Y
All
In-the-Money
0% ITM
OTM: $4.2B
Maturity Profile
Conv
Nearest:
2yr
WAM:
2.4yr
BTC Coverage
Capital Stack
>10x · 0 bps
Convertible
Preferred
Other
BTC NAV: $333.1M
BTC Risk
0.00% avg
P(BTC Rating < 1x at maturity) · 45% vol, 30% ARR
BTC Credit
0 bps avg
Credit spread to offset BTC Risk · 45% vol, 30% ARR
90d
1Y
All
90d
1Y
All
Cumulative Financing Cost
Redemptions
Financials
FY2025
Jan '26
Q3 FY2025
Nov '25
Q2 FY2025
Aug '25
Q1 FY2025
May '25
FY2024
Feb '25
Q3 FY2024
Nov '24
Q2 FY2024
Aug '24
Q1 FY2024
May '24
FY2023
Feb '24
Q3 FY2023
Oct '23
Q3 FY2022
Oct '22
US-GAAP
Annual
As of 2026-01-31
Balance Sheet
Total Assets
$10.4B
▲76.8%
Total Liabilities
$4.9B
▲422.8%
Stockholders' Equity
$5.4B
▲10.4%
Cash & Equivalents
$6.3B
▲32.5%
Total Debt
$4.2B
▲15209.9%
Digital Assets
$368.3M
Income Statement
Revenue
$3.6B
▼5.1%
Operating Income
$232.1M
▲985.9%
Net Income
$418.4M
▲218.7%
Interest Expense
$200K
▼66.7%
Cash Flow
Operating Cash Flow
$614.8M
▲322.0%
Instruments
Convertibles (2)
GME-Apr30
Apr '25 – Apr '30
Coupon
0%
Principal
$8.3M
1.50B USD
Outstanding
$2.7M
1.50B USD
Conv. price
$8.9K
29.85 USD
BTC Rating
>10x
GME-Jun32
Jun '25 – Jun '32
Coupon
0%
Principal
$6.5M
2.70B USD
Outstanding
$7.6B
2.70B USD
Conv. price
$7.7M
28.91 USD
BTC Rating
>10x
Total
$5.6K
4.20B USD
Instrument
Term
Coupon
Principal
Outstanding
Conv. price
BTC Rating
GME-Apr30
Apr '25 – Apr '30
0%
$0.5B
1.50B USD
$5.5K
1.50B USD
$3.1M
29.85 USD
>10x
GME-Jun32
Jun '25 – Jun '32
0%
$9.8B
2.70B USD
$2.8K
2.70B USD
$9.1B
28.91 USD
>10x
Total
$7.5K
4.20B USD
Disclaimer
The majority of GameStop's debt proceeds have been used for general corporate purposes, not Bitcoin purchases.
Recent Changes
Wed, Mar 18, 2026
Shares Outstanding
448.3M
→
448.4M
+75.2K
(+0.0%)
Form 10-K (2025)
Sat, Jan 31, 2026
Shares Outstanding
448.0M
→
448.3M
+290.5K
(+0.1%)
Form 10-K (FY 2025)
Fiat Reserve
7.84B
→
6.30B
-1.54B
(-19.6%)
USD
Form 10-K (FY 2025)
Fri, Dec 5, 2025
Shares Outstanding
447.9M
→
448.0M
+109.5K
(+0.0%)
Form 10-Q (Q3 FY2026)
Sat, Nov 1, 2025
Shares Outstanding
447.6M
→
447.9M
+300.0K
(+0.1%)
Form 10-Q (Q3 FY2026)
Fiat Reserve
8.69B
→
7.84B
-851.7M
(-9.8%)
USD
Form 10-Q (Q3 FY2026)