GameStop Dispels Rumours It Sold $324 Million Worth Of Bitcoin

6 days ago 6

CryptoProwl

Fri, March 27, 2026 astatine 8:50 AM CDT 1 min read

GameStop Dispels Rumours It Sold $324 Million Worth Of Bitcoin

Video crippled retailer GameStop (NYSE: $GME) is refuting online rumours that it sold its $324 cardinal U.S. Bitcoin (CRYPTO: $BTC) holding.

There has been wide speculation that GameStop had exited the Bitcoin presumption it acquired successful 2025 and was changing its cryptocurrency treasury strategy.

But the company’s latest 10-K regulatory filing with the U.S. Securities and Exchange Commission (SEC) shows that GameStop inactive owns 4,709 BTC.

GameStop said the disorder arose aft it utilized its Bitcoin holdings arsenic collateral with Coinbase Credit (NASDAQ: $COIN) arsenic portion of a covered-call strategy.

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"In the 4th fourth of fiscal 2025, we entered into an statement with Coinbase Credit, Inc., nether which we sold covered telephone options connected a information of the bitcoin we own," said GameStop successful a statement.

The regulatory filing should extremity speculation that GameStop divested its full Bitcoin holdings amid the cryptocurrency’s 45% terms driblet since past October.

GameStop said the covered-call strategy allows it to gain further output from enactment premiums connected its Bitcoin collateral, with onslaught prices acceptable betwixt $105,000 U.S. and $110,000 U.S.

The strategy caps upside imaginable if Bitcoin surges supra those levels, but it provides income and maintains the company's vulnerability to BTC.

So far, the covered telephone strategy has fixed GameStop an unrealized summation of $2.3 cardinal U.S.

GME banal has declined 50% implicit the past 5 years to commercialized astatine $22.68 U.S. per share.

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