The post GameStop says Bitcoin position remains in place under Coinbase deal appeared on BitcoinEthereumNews.com.

GameStop said it did not sell the 4,709 Bitcoin tied to its January balance sheet change.  Summary GameStop pledged 4,709 BTC with Coinbase Credit and kept economic exposure instead of selling outright. The covered-call strategy generated premium income but capped upside if Bitcoin rises above strike prices. GameStop reclassified the pledged Bitcoin and recorded digital asset receivables on its balance sheet. Instead, the company used the holdings in a covered-call arrangement with Coinbase Credit, according to its latest annual filing. GameStop’s latest 10-K filing showed that the company still kept exposure to the Bitcoin it bought in 2025. The filing said the retailer pledged 4,709 BTC as collateral with Coinbase Credit instead of selling the assets outright. That disclosure addressed earlier market speculation that GameStop had exited the position in January. The value of the pledged Bitcoin was about $324 million at the time, based on market pricing referenced in the report. The filing said GameStop entered an agreement with Coinbase Credit during the fourth quarter of fiscal 2025. Under that arrangement, the company sold covered call options on part of the Bitcoin it owned. GameStop said,  “In the fourth quarter of fiscal 2025, we entered into an agreement with Coinbase Credit, Inc., under which we sold covered call options on a portion of the bitcoin we own.”  The strategy allows the company to collect premium income while keeping overall exposure to Bitcoin price moves. The strike prices on the options ranged from $105,000 to $110,000. That means the company would limit its upside if Bitcoin rises above those levels, but it would still earn income from the options premiums. The agreement is set to expire on Friday, according to the filing. As of Jan. 31, the call option contracts created a $700,000 liability and an unrealized gain of about…

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Filed under: News - @ March 27, 2026 10:29 am