GameStop is set to release its first earnings since initiating a significant investment in Bitcoin. Wall Street analysts anticipate continued weakness across the core business, with revenue anticipated to decline significantly year-over-year due to increased online game dominance. Data suggests a potential $754 million revenue for the quarter, a 14.47% decrease compared to last year’s figures. Analysts also predict a further reduction in guidance for the second quarter to $748 million and an annual revenue projection of $3.56 billion, followed by $3.13 billion next year. These projections mirror a trend of declining annual revenue from $6 billion in 2022 to $5.27 billion in 2023 and then $3.8 billion last year. GameStop’s strategy mirrors that of Strategy, a company whose valuation has surged beyond $100 billion thanks to its Bitcoin holdings. The stock is attempting to emulate the same approach, aiming to boost Bitcoin holdings through strategic investments. GameStop currently holds over 4,710 coins valued at more than $497 million and hopes to continue acquiring Bitcoin. This strategy is supported by a robust balance sheet with over $4.7 billion in cash, short-term investments, and no debt, enabling the company to utilize its equity valuation of over $13 billion for further purchases. However, GameStop’s current Bitcoin holdings account for only 3.76% of its market cap, lower than that of Michael Saylor’s Strategy, which stands at 58%. Stock price analysis indicates a downward trend since the company started exploring this strategy. From $35 in May, the stock price has fallen to $29.58 currently. This price movement aligns with an ascending channel formed by highs and lows since last year. GameStop’s stock remains above both the 50-day and 100-day moving averages, a positive indicator. Analysts remain cautious, anticipating a neutral outlook for the stock ahead of its first quarter fiscal 2025 results, scheduled to be released on Tuesday, June 10th, with key levels at $20 and $35.78 serving as important reference points.