GameStop posts 5th straight quarterly profit, thanks to a big sales jump

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Shares of GameStop Corp. rose nearly 6% in extended trading Tuesday after the videogame retailer and original meme stock reported a fifth consecutive quarterly profit and sales that were just under $1 billion.

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GME, which has thrown its weight behind bitcoin BTCUSD, said that its holdings of the cryptocurrency were valued at $528.6 million at the end of the second quarter.

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