Gamestop Bitcoin Strategy: Company Used BTC Holdings for Covered Calls, SEC Filing Shows

GameStop Bitcoin Transfer Hides Smart Options Play

GameStop shocked the market in January when it moved nearly its entire Bitcoin holdings. Many assumed the company had sold its stash. That assumption triggered speculation and debate across the crypto space. Investors questioned whether GameStop had lost confidence in Bitcoin. Others believed the firm needed liquidity. The sudden transfer to Coinbase added more uncertainty. Market participants quickly labeled the move as bearish. However, new di…

GameStop Put Up All Its Bitcoin as Collateral - Company is Down $131.6 Million on its Investment

Key Takeaways GameStop pledged 4,709 of its 4,710 BTC as collateral to Coinbase Credit to run a covered call options strategy – it did not sell. The company recorded a $131.6 million total loss on digital assets in fiscal 2025, combining realized and unrealized losses. Net sales fell 14% in Q4 2025, though adjusted earnings beat analyst expectations; collectibles now make up a third of revenue. GameStop holds $9 billion in cash and has signaled…

GameStop says Bitcoin position remains in place under Coinbase deal

GameStop pledged 4,709 BTC to Coinbase Credit for covered calls, keeping Bitcoin exposure instead of selling in January.

GameStop's Bitcoin Treasury Strategy Reveals Sophisticated Risk Management Approach

GameStop’s latest SEC filing has clarified a significant misconception about its Bitcoin holdings, revealing the video game retailer maintained its entire 4,709 BTC position throughout January rather than liquidating the digital assets for cash. The company’s 10-K filing shows these holdings, valued at approximately $324 million at current prices, were pledged as collateral to Coinbase Credit rather than sold outright. This strategic move demons…

Gamestop Bitcoin Strategy: Company Used BTC Holdings for Covered Calls, SEC Filing Shows

Gamestop disclosed in its fiscal 2025 annual report that it pledged 4,709 of its 4,710 bitcoin holdings as collateral with Coinbase Credit to run a covered-call options strategy, confirming the company held its position rather than selling. Gamestop Fiscal 2025 Annual Report The Form 10-K, filed with the SEC on March 24, 2026, covers the […]

GameStop's Bitcoin Strategy: Covered Calls, Coinbase Custody, and What It Means for Investors

GameStops high-profile $420 million Bitcoin transfer earlier this year was not a sell-off but the gaming retailer is no longer holding its cryptocurrency in the traditional sense either. The companys latest annual report, filed this Tuesday, sheds light on what actually happened to its 4,710 BTC position and why the move raised so many eyebrows. It turns out that 4,709 of those Bitcoin were pledged to Coinbase as collateral for an over-the-count…