GameStop may be a bitcoin play, but its stock is sliding on weaker-than-expected Q1 revenue - MarketWatch
1. GME's Q1 revenue of $732.4M missed expectations of $750M. 2. Company reported a net profit of $44.8M, marking four consecutive quarterly profits. 3. GameStop's cash reserves grew to $6.4B, up from $1B last year. 4. GME purchased 4,710 bitcoin tokens between May 3 and June 10. 5. Stock declined over 4% after the earnings report, despite profitability.