1357 ET - GameStop is continuing to shift its focus away from core store operations, even though it logged better sales in the second quarter, Baird analysts say. The video-game retailer is doubling down on its commitment to move toward becoming a bitcoin treasury company, despite a 22% jump in revenue aided by Nintendo Switch 2 sales, the analysts say. GameStop was explicit about this pivot in its 2Q report, saying its strategy is to "use our cash and other sources of liquidity to maximize shareholder value." The analysts see this, alongside its store closures and purchase of 4,710 bitcoins, as a turn away from its traditional retail business. (katherine.hamilton@wsj.com)

(END) Dow Jones Newswires

September 10, 2025 13:57 ET (17:57 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.