Why GameStop Put $315 Million in Bitcoin Into a Covered Call Options Strategy

GameStop Confirms 4,710 BTC Holdings, But Strategy Takes an Unexpected Turn

Key Highlights • GameStop still holds 4,710 BTC worth about $368M, but most is pledged as collateral, not held directly • The firm used its Bitcoin to run a covered call strategy, booking $131.6M in total digital asset losses Yello Paradisers! When a company “keeps” its Bitcoin but quietly hands it over to generate income, is that conviction or strategy evolving? GameStop has confirmed in its latest 10-K filing that it still holds 4,710 BTC, put…

Why GameStop Put $315 Million in Bitcoin Into a Covered Call Options Strategy

GameStop has pledged nearly all of its Bitcoin to a covered-call strategy on Coinbase Prime to generate some yield.