GameStop Generates $76.9M in Proceeds by Selling Digital Assets in Q1

  • Video game retailer GameStop, reporting its quarterly results, received a cash flow boost of $76.9 million from the sale of IMX tokens it had received as part of its partnership with non-fungible token scaling platform Immutable.
  • GameStop also took note of continued steps to support the recent launch of its digital asset wallet, and its intention to open its NFT marketplace during Q2.
  • Overall, the company reported negative cash flow for the quarter of $236.3 million.

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