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#GateRedBullRacingTour# - 📢 Gate releases its latest Reserve Audit Report!
💰 Total reserves: $10.453B
🟢 Excess reserves: $1.96B — ensuring full coverage and extra security for user assets.
Gate continues to uphold 100% proof-of-reserves and full transparency.
🔗 Read the full report: https://www.gate.com/zh/announcements/article/45617
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- #Gate Latest Proof of Reserves Reaches 10.453 Billion Dollars#
Gate has released its latest Proof of Reserves report! As of June 2025, the total value of Gate’s reserves stands at $10.453 billion, covering over 350 types of user assets, with a total reserve ratio of 123.09% and an excess reserve of $1.96 billion.
Currently, BTC, ETH, and USDT are backed by more than 100% reserves. The BTC customer balance is 17,022.60, and Gate’s BTC balance is 23,611.00, with an excess reserve ratio of 38.70%.The ETH customer balance is 386,645.00, and Gate’s ETH balance is 437,127.00, with an excess reserve
GameStop Stock Slides as Sales Decline
Bloomberg / Getty Images
GameStop's stock was down 4% for 2025 through Tuesday's close. GameStop (GME) shares fell in extended trading Tuesday as the retailer's quarterly revenue declined.
The video game retailer's revenue dropped 17% year-over-year to $732.4 million. The company swung to an adjusted profit of $83.1 million, or 17 cents per share, from a loss of $36.7 million, or 12 cents per share, a year ago. However, adjusted earnings were down from the $136.4 million, or 30 cents per share, GameStop reported a quarter earlier.
GameStop shares slid about 5% in after-hours trading. The stock was down 4% for 2025 through Tuesday's close.
GameStop also said it has not bought any additional bitcoin (BTCUSD) since last month it disclosed the purchase of 4,710 bitcoin. The company did not reveal the purchase price at the time, but that amount of the cryptocurrency would be worth nearly $516 million at its recent price near $109,500. In March, GameStop said it was planning to issue $1.3 billion in convertible bonds for "general corporate purposes," including buying bitcoin.
Read the original article on Investopedia
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