GameStop didn't sell $324 million worth of bitcoin in January, filing shows
GameStop didn't sell $324 million worth of bitcoin in January, filing shows
GameStop’s latest 10-K filing shows that it did not sell 4,709 BTC it acquired last year, but pledged it as collateral with Coinbase Credit.This is part of a covered-call strategy that allows GameStop to earn premium income on its pledged bitcoin, while capping upside potential at prices between $105,000 and $110,000.